, /PRNewswire/ -- Tom Hand and Mike Kemp, Sr. have been elected to the Alabama Power Board of Directors.
"We are pleased to welcome Tom and Mike to our board and appreciate their willingness to serve," said Alabama Power chairman, president, and CEO Jeff Peoples. "Their strategic leadership and commitment to Alabama communities will be valuable to our board."
Hand is the chairman of the board and chief executive officer of Volkert, Inc., a professional services firm that offers planning, engineering and construction services to public and private sector clients.
Hand is active in several professional organizations including the Business Council of Alabama, the Construction Industry Round Table, the Southern Association of State Highway Transportation Officials, The Beavers heavy engineering construction association, the Alabama Roadbuilders Association, Leadership Alabama, the University of South Alabama President's Cabinet and the Auburn University Engineering Alumni Council. Additionally, Hand serves on the board of directors of Blue Cross/Blue Shield of Alabama and the Regions Bank Advisory Board. He is an appointee of Governor Kay Ivey on the executive committee of Alabama's Workforce Board.
Kemp is the founder and chief executive officer of the KMS Family of Companies, delivering program management and consulting services across 16 states and serving a diverse range of industries with a focus on precision, collaboration and performance.
Kemp has been widely recognized for his leadership and impact, including honors from the Birmingham Business Journal as a Top 40 Under 40, Best in Minority Business Awards recipient and Top 40 Under 40 of the Decade. He was also a recipient of the 2025 CEO Award and a graduate of Leadership Birmingham and Leadership Alabama. Additionally, Kemp serves on the board of directors of First Horizon Bank, Blue Cross & Blue Shield of Alabama and is a leader with many professional organizations, including the Business Council of Alabama, Economic Development Partnership of Alabama, United Way of Central Alabama and Leadership Alabama.
The addition of these leaders to the Alabama Power Board of Directors reflects the company's continued commitment to create value for our customers, communities and shareholders.
About Alabama Power
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable electricity to 1.6 million customers across the state. Learn more at AlabamaPower.com.
Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Southern Co.?The final step today is to look at a stock that meets our ESP qualifications. Southern Co. (SO - Free Report) earns a #3 (Hold) six days from its next quarterly earnings release on July 30, 2026, and its Most Accurate Estimate comes in at $1.05 a share.
SO has an Earnings ESP figure of +2.54%, which, as explained above, is calculated by taking the percentage difference between the $1.05 Most Accurate Estimate and the Zacks Consensus Estimate of $1.02. Southern Co. is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Commitment reflects Southern Company's approach to growth through clear cost responsibility, enhanced grid reliability and broad-based economic and community benefits
, /PRNewswire/ -- Southern Company (NYSE: SO) announced it is joining President Donald Trump's Ratepayer Protection Pledge, underscoring the company's commitment to ensuring that America's leadership in artificial intelligence (AI) and advanced technologies delivers broad-based benefits for customers and communities.
The Pledge aligns with the Southern Company system's well-established approach to serving growth in a responsible manner while maintaining rate stability and reliability for millions of households and small businesses across the Southeast. The company's two largest subsidiaries, Georgia Power and Alabama Power, each have multiyear base rate freezes in place. In early 2026, Southern Company announced a historic loan package of up to $26.5 billion from the Department of Energy estimated to generate $7 billion in benefits for customers by helping to lower energy costs and strengthen the grid.
"This is a tremendous moment for the Southeast and for our country," said Chris Womack, chairman, president and CEO of Southern Company. "AI and advanced technologies are creating historic opportunities for investment and economic growth, and Southern Company is committed to putting customers first. The President's Pledge reflects an important principle: growth should strengthen our energy future while protecting rate stability and reliability for the families, businesses and communities we serve. We appreciate President Trump's leadership in advancing policies that support American energy infrastructure, and we are confident the approach we are taking will deliver lasting benefits."
Through clear, enforceable customer agreements, the company is working to ensure that the infrastructure investments and operational requirements associated with new, energy-intensive demand are appropriately borne by the businesses driving that growth, helping to protect existing customers while supporting continued investment, job creation and economic investment.
OpenAI's recently announced project in Effingham County, Georgia, which is expected to create thousands of new jobs and billions of dollars in new investment for the local community, is a powerful demonstration of this approach in practice. As part of its planned $20 billion investment, OpenAI has committed to covering the full infrastructure and electric service costs required to serve its facility and providing financial assurances designed to protect customers, consistent with rules approved by the Georgia Public Service Commission. Additionally, as part of the agreement, OpenAI has committed to supporting the power grid with up to 1,000 megawatts of flexible demand response, lowering power use at scale that will help ensure reliable electric service when demand is highest and provide savings for customers in the long term.
About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.
Southern Missouri Bancorp NASDAQ: SMBC reported stronger quarterly and full-year earnings as net interest income improved, operating expenses declined and tax credit investments lowered its tax provision, executives said on the company’s fiscal fourth-quarter earnings call.
President and Chief Administrative Officer Matt Funke said the June quarter, which closed the company’s fiscal year, benefited from higher net interest income, higher non-interest income, lower non-interest expense and a reduced income tax provision. Those gains were partly offset by a higher provision for credit losses.
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For the quarter, Southern Missouri earned $1.83 per diluted share, up $0.23, or about 14%, from the linked March quarter and up $0.44, or about 32%, from the June 2025 quarter. For fiscal 2026, the company earned $6.43 per diluted share, compared with $5.18 in fiscal 2025.
Funke said the 24% year-over-year increase in full-year earnings was “predominantly driven by stronger net interest income,” which reflected margin expansion as funding costs declined, along with nearly 5% average earning asset growth. He said the company generated a return on assets of 1.41% for fiscal 2026.
Loan Growth Remains Solid, But Management Expects Moderation Gross loan balances increased $69 million during the fourth quarter and were up $291 million, or 7.1%, from a year earlier. Funke said growth during the quarter was driven largely by construction and land development loans, one-to-four-family residential real estate, multifamily loans, agricultural real estate and seasonal agricultural production lending.
Loan originations totaled about $335 million in the quarter, up $85 million from the year-ago period, though Funke said several larger payoffs muted the impact. The expected 90-day pipeline rose by about $4 million from the prior quarter to $182 million.
Looking to fiscal 2027, Funke said management continues to expect mid-single-digit loan growth. However, he said growth could moderate from the 7% achieved in fiscal 2026 because the company is prioritizing core deposit relationships rather than wholesale funding to support new loan production.
Deposits increased about $67 million, or 1.5%, in the fourth quarter and were up roughly $126 million, or about 3%, year over year. Funke said deposit growth in the quarter was primarily driven by brokered deposits, noting that brokered balances were up just under $56 million from a year earlier. He said local deposit rate competition has increased and wholesale funding has sometimes been more cost-effective.
The company has begun rolling out a new suite of business accounts and adjusted employee incentives in an effort to grow lower-cost operating accounts over time, Funke said.
Net Interest Margin Holds Steady, But Funding Costs Could Pressure Results Net interest margin was 3.67% in the June quarter, unchanged from the March quarter and up from 3.47% a year earlier. Net interest income rose almost 3% from the linked quarter and about 10% year over year.
Chief Financial Officer Stefan Chkautovich said the margin included about three basis points of fair value discount accretion on acquired loan portfolios and premium amortization on assumed deposits, unchanged from the linked quarter. He also said the quarter included a $603,000 reversal of accrued interest income, which reduced the margin and average earning asset yield by about five basis points.
Chkautovich said Southern Missouri generated 22 basis points of net interest margin expansion in fiscal 2026, primarily due to lower-cost deposits in a declining rate environment. But he cautioned that the company could face core margin pressure in coming quarters because short-term rates have recently increased and deposit competition remains elevated. About 25% of total deposits are indexed to the 91-day Treasury bill, he said.
In response to an analyst question, Chkautovich said the 91-day Treasury rate was up about 14 basis points from the start of July for the company’s indexed deposits. He also said about $550 million of fixed-rate loans are maturing over the next 12 months, with new originations about 25 basis points above maturing loan rates. At the same time, roughly $1.3 billion of certificates of deposit are repricing, with new CD rates about 3 to 5 basis points above maturing rates.
Credit Costs Rise as Two Relationships Drive Charge-Offs Chairman and Chief Executive Officer Greg Steffens said adversely classified loans improved from the prior quarter, declining to $54 million, or 1.2% of gross loans. Non-performing loans fell $2.5 million to about $28 million, or 0.63% of gross loans, at June 30.
Non-performing assets, however, increased $1.5 million from the prior quarter to about $33.5 million, primarily due to a rise in other real estate owned. Steffens said the increase followed the foreclosure of a previously disclosed commercial loan relationship secured by commercial real estate and equipment. The equipment was liquidated, and the commercial real estate was transferred to other real estate owned. The company recognized a $1.2 million charge-off on the transfer, leaving a remaining carrying value of about $3.6 million.
Steffens also said the company downgraded a separate agricultural lending relationship to non-accrual status during the quarter. The borrower filed for Chapter 7 bankruptcy, and Southern Missouri recognized a $2.6 million charge-off, leaving remaining exposure of $5.9 million supported by additional specific reserves.
The provision for credit losses was $3.2 million in the quarter, up from $2.1 million in the March quarter. Chkautovich said net charge-offs totaled $4.3 million, up $4 million from the linked quarter, mainly related to the agricultural production loan and the commercial loan relationship transferred to other real estate owned.
The allowance for credit losses totaled $54.9 million at June 30, representing 1.25% of gross loans and 199% of non-performing loans. That compared with $55.9 million, or 1.29% of gross loans and 186% of non-performing loans, at March 31.
In the question-and-answer session, Chkautovich said the company could see some increase in provision expense in fiscal 2027 following its annual model adjustment. He said a potential allowance range could be about 1.25% to 1.35% of loans, depending on problem asset levels.
Steffens said management expects charge-offs to improve from the past two fiscal years, when they were 17 basis points and 18 basis points. He said the company is targeting progress toward historical levels of roughly 3 to 5 basis points annually.
Agricultural Portfolio Outlook Improves, But Reserves Remain Elevated Steffens said agricultural real estate balances totaled $296 million, or 7% of gross loans, while agricultural production and equipment loans totaled $219 million, or 5% of gross loans. Agricultural production and equipment balances rose $15 million from the prior quarter due to normal seasonality tied to planting and higher operating costs.
He said planting has been completed across Southern Missouri’s markets, with the projected 2026 crop mix consisting of about 30% soybeans, 30% corn, 20% cotton, 15% rice and 5% specialty crops. Steffens said favorable planting and timely rainfall have positioned most major crops for above-average yield potential.
Current commodity prices and expected yields are running about 10% to 15% above the company’s underwriting assumptions, partially offsetting elevated production costs and improving projected farm profitability, Steffens said. He added that higher USDA Price Loss Coverage and Agricultural Risk Coverage payments this fall should provide additional liquidity for many farmers.
Despite the improved outlook, Steffens said the company continues to maintain elevated reserves for its agricultural production portfolio because of prolonged pressure in the sector.
Capital Deployment, Expenses and M&A Southern Missouri increased tangible book value per share to $47.43, up $5.56, or 13%, from a year earlier. During fiscal 2026, the company repurchased 317,000 shares, or nearly 3% of average common shares outstanding at the start of the year, at an average price of $58.59. In the fourth quarter, it repurchased 4,000 shares at an average price of just over $69.
The company also announced an 8% increase in its quarterly dividend, raising it by $0.02 to $0.27 per share.
Non-interest expense declined 2.6% from the linked quarter, Chkautovich said, due mainly to lower other non-interest expense, occupancy and equipment expense, and data processing costs. For fiscal 2026, non-interest expense totaled $102.1 million, unchanged from fiscal 2025. Looking ahead, he said operating expenses are expected to “re-accelerate” in fiscal 2027 as the company invests in new employees and technology, with expense growth potentially in the mid-single digits to the low-to-high single digits depending on timing.
Steffens said discussions around mergers and acquisitions have remained active. He said there are approximately 75 banks with $500 million to $2 billion in assets within the company’s footprint, in addition to institutions in adjacent markets. In response to an analyst question, he said the company’s improved trading multiples and capital position make M&A more attractive than buybacks at current valuation levels.
“Our focus remains on disciplined execution, prudent risk management, and thoughtful capital deployment to deliver sustained, attractive returns to our shareholders,” Steffens said.
About Southern Missouri Bancorp (NASDAQ:SMBC)Southern Missouri Bancorp, Inc NASDAQ: SMBC is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.
Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Key Takeaways Southern Company's Georgia Power will supply power to OpenAI's planned AI data center in Effingham County.SO's agreement requires OpenAI to fund all needed electric infrastructure, protecting existing customers.SO secured a 25-year deal with up to 1,000 MW of demand response to strengthen grid reliability. Southern Company's (SO - Free Report) subsidiary, Georgia Power, signed a long-term agreement to provide electric service to OpenAI's planned artificial intelligence (“AI”) data center in Effingham County, GA. The landmark deal represents one of the most significant utility agreements supporting AI infrastructure in the United States and includes one of the country's largest single-site demand response commitments. The project is expected to create thousands of jobs, generate billions of dollars in new investment and reinforce Georgia's position as a leading destination for AI and advanced technology development.
The agreement also reflects Southern Company's broader strategy of supporting the rapid expansion of energy-intensive industries while safeguarding grid reliability and protecting residential and small business customers. By requiring OpenAI to cover the full cost of the electric infrastructure needed for the project, Georgia Power ensures that the investment will not shift additional costs onto existing customers.
SO's Georgia Power Secures Landmark AI Infrastructure DealThe agreement marks another major milestone for Southern Company as demand for electricity from hyperscale data centers continues to accelerate. SO’s unit, Georgia Power, will supply electricity to OpenAI's planned facility in Effingham County, located roughly 45 minutes outside Savannah. The data center will support OpenAI's expanding AI operations, requiring one of the largest electricity commitments ever announced for a single AI campus.
The investment is expected to create thousands of construction and permanent jobs while contributing billions of dollars to the local economy. Beyond direct employment, the project is likely to generate opportunities for local contractors, suppliers and service providers, delivering lasting economic benefits across the region.
For SO, the agreement further strengthens its reputation as a preferred utility partner for large-scale industrial and technology investments requiring reliable, long-term power solutions.
OpenAI Will Cover Infrastructure Costs to Protect CustomersA key feature of the agreement is its customer protection framework. OpenAI has agreed to pay the full cost of the electric infrastructure necessary to serve its new facility while also meeting long-term energy contract requirements and providing financial assurances.
This structure aligns with the updated rules approved by the Georgia Public Service Commission in January 2025. The revised regulations were designed to accommodate rapidly growing electricity demand from hyperscale data centers and other large industrial users without increasing costs for residential customers or small businesses.
By requiring large-load customers to fund their own infrastructure, SO continues its strategy of supporting economic development while maintaining affordable electric service across Georgia.
OpenAI's 3,200-MW Facility Highlights Rising AI Power DemandOpenAI's planned campus is expected to require approximately 3,200 megawatts (“MW”) of electricity, making it one of the largest AI-powered data center projects currently under development in the United States.
The rapid expansion of AI has dramatically increased electricity consumption as advanced AI models require enormous computing capacity supported by thousands of high-performance processors operating around the clock. Utilities across the country are preparing for unprecedented growth in electricity demand driven by cloud computing, machine learning and generative AI applications.
SO's diverse generation portfolio and extensive transmission network position it to support these large-scale energy requirements while maintaining reliable service for customers throughout Georgia.
SO Secures One of the Largest Demand Response AgreementsOne of the most notable aspects of the agreement is OpenAI's commitment to provide up to 1,000 MW of flexible demand response, making it one of the largest single-facility demand response commitments in the country.
Under the 25-year agreement, Georgia Power will have the ability to temporarily reduce electricity supplied to the OpenAI facility during periods of exceptionally high system demand. Rather than operating at maximum capacity continuously, the data center can lower its electricity consumption when requested to help maintain the stability of the electric grid.
This flexibility offers significant operational advantages. It strengthens grid reliability during peak demand periods, reduces strain on transmission infrastructure and enables Georgia Power to defer investments in additional power generation resources that would otherwise be required to meet future electricity demand.
As a result, the agreement is expected to support long-term savings while improving system reliability for all customers.
SO Continues Managing Georgia's Rapid GrowthGeorgia has experienced significant population growth and increasing investment from technology companies, manufacturers and logistics businesses over the past several years. This economic expansion has steadily increased electricity demand across the state.
SO has worked closely with state regulators to proactively plan for this growth through comprehensive long-term resource planning and careful evaluation of large-load contracts. Each major electricity agreement undergoes a detailed review to ensure that new projects support economic development without placing unnecessary financial burdens on existing customers.
This disciplined approach allows Georgia Power to accommodate major industrial investments while preserving affordability and maintaining reliable electric service.
OpenAI Project Brings Long-Term Economic BenefitsBeyond strengthening Georgia's AI infrastructure, the OpenAI project is expected to deliver substantial economic benefits to Effingham County and surrounding communities.
Construction activities will generate significant employment opportunities and increase demand for regional suppliers and contractors. Once operational, the facility will support highly skilled technology jobs while attracting additional investment from businesses seeking proximity to advanced digital infrastructure.
The project also enhances Georgia's reputation as an emerging hub for artificial intelligence, cloud computing and next-generation technology development, positioning the state to compete for future hyperscale data center investments.
SO's Customer-First Strategy Remains CentralSouthern Company continues emphasizing that growth from large industrial customers should benefit all Georgia Power customers. By requiring OpenAI to finance its infrastructure and commit to long-term contractual obligations, the utility minimizes financial risk while supporting responsible economic development.
The company's broader regulatory strategy has also contributed to customer-focused initiatives, including an earlier base-rate freeze and a plan expected to provide approximately $102 in annual savings for the typical residential customer beginning in 2029.
These measures demonstrate SO's commitment to balancing infrastructure expansion with affordability and customer value.
SO Strengthens Its Position in the AI Energy RevolutionThe long-term agreement between SO's Georgia Power and OpenAI demonstrates how utilities can successfully support the explosive growth of AI while maintaining grid reliability and protecting customers.
With OpenAI funding all required infrastructure, committing to a 25-year electricity agreement and participating in one of the nation's largest demand response programs, the partnership establishes a model for future AI infrastructure developments across the United States.
As AI continues driving unprecedented electricity demand, Southern Company is positioning itself as a leading energy provider capable of supporting next-generation technology investments while delivering economic growth, enhanced grid stability and long-term value for Georgia communities.
SO’s Zacks Rank and Key PicksCurrently, SO carries a Zacks Rank #3 (Hold).
Investors interested in the utility sector might look at some better-ranked stocks like American Electric Power Company, Inc. (AEP - Free Report) , Duke Energy Corporation (DUK - Free Report) and MGE Energy, Inc. (MGEE - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Electric Power is worth approximately $70.99 billion. The company is one of the largest regulated electric utilities in the United States. American Electric Power provides electricity to millions of customers across 11 states through a diverse generation and transmission network.
Duke Energy is worth approximately $98.16 billion. It is one of the nation's largest energy holding companies. Duke Energy supplies electricity and natural gas to residential, commercial and industrial customers across the Southeast and Midwest.
MGE Energy is worth approximately $2.97 billion. It is a public utility holding company. MGE Energy generates and distributes electricity and natural gas, primarily serving customers in and around Madison, WI.
Wall Street expects a year-over-year increase in earnings on higher revenues when Southern Co. (SO - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis power company is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +11%.
Revenues are expected to be $7.38 billion, up 5.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.43% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Southern Co.?For Southern Co., the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.22%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Southern Co. will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Southern Co. would post earnings of $1.21 per share when it actually produced earnings of $1.32, delivering a surprise of +9.09%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Southern Co. appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
SALT LAKE CITY, Utah, July 23, 2026 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), a leader in advanced biomaterials and silicon nitride technologies for medical device and industrial applications, today announced that it has engaged Southern Metrics Consulting (“Southern Metrics”) to assist the Company in identifying, evaluating, and pursuing strategic opportunities intended to enhance stockholder value. Southern Metrics is led by Chris Lyons, its Chief Executive Officer, an experienced medical technology executive and strategic advisor who has served on the SINTX Board of Directors since April 2025. Southern Metrics will establish and manage the Company's newly created Strategic Opportunity Management Program.
In the latest close session, Southern Co. (SO - Free Report) was up +2.08% at $95.80. The stock's change was more than the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.57%.
The power company's shares have seen a decrease of 1.14% over the last month, not keeping up with the Utilities sector's gain of 0.68% and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Co. in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2026. It is anticipated that the company will report an EPS of $1.01, marking a 10.99% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.38 billion, showing a 5.88% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.58 per share and a revenue of $31.32 billion, demonstrating changes of +6.51% and +5.97%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Southern Co. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. Southern Co. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Co. has a Forward P/E ratio of 20.5 right now. This represents a premium compared to its industry average Forward P/E of 18.02.
One should further note that SO currently holds a PEG ratio of 1.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Utility - Electric Power industry had an average PEG ratio of 2.66 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
NEW YORK CITY, NY / ACCESS Newswire / July 22, 2026 / Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) (the "Company"), a Cayman Islands exempted company, announced today the closing of its initial public offering of 11,500,000 units at $10.00 per unit, which includes the full exercise of the underwriters' option to purchase an additional 1,500,000 units to cover over-allotments. The gross proceeds from the offering were $115,000,000 before deducting underwriting discounts and estimated offering expenses. The units are listed on the Nasdaq Global Market ("Nasdaq") and began trading under the ticker symbol "NCOOU" on July 21, 2026. Each unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under "NCO," "NCOOW," and "NCOOR," respectively.
Concurrently with the closing of the initial public offering, the Company closed a private placement of 239,300 units at a price of $10.00 per unit, resulting in gross proceeds of $2,393,000. The private placement units are identical to the units sold in the initial public offering, subject to certain limited exceptions as described in the final prospectus.
D. Boral Capital LLC acted as sole book-running manager of the offering.
Robinson & Cole LLP served as legal counsel to the Company on the initial public offering. Norton Rose Fulbright US LLP served as legal counsel to D. Boral Capital LLC.
Of the net proceeds received from the consummation of the initial public offering and simultaneous private placement, $115,000,000.00 ($10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of July 22, 2026, reflecting receipt of the proceeds upon the consummation of the initial public offering and the private placement, will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC").
A final prospectus relating to and describing the final terms of the offering was filed with the SEC on July 21, 2026. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at [email protected]. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Southern Cross Acquisition I Corp.
The Company is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company's target search will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering, the anticipated use of the net proceeds and the search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement, preliminary prospectus and final prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
OpenAI commits to supporting the power grid with up to 1,000 MW of flexible demand response;
Lowering power use at scale will help ensure reliable electric service for all customers when demand is highest
, /PRNewswire/ -- As Georgia continues to grow and attract new investment and jobs, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers. Today, AI research and deployment company OpenAI announced its plans for a new project in Effingham County, Georgia – about 45 minutes outside of Savannah – which will be served by Georgia Power. The project is expected to create thousands of new jobs and billions of dollars in new investment for the local community. Read more about the announcement here: Building AI infrastructure with the Effingham County community | OpenAI
As outlined in OpenAI's announcement, OpenAI will pay the full infrastructure and electric service costs to serve its facility and will fulfill requirements for long-term energy contracts and include financial assurances designed to protect Georgia Power customers. This approach is aligned with the updated rules and regulations first approved by the Georgia Public Service Commission (PSC) in January 2025, which sit at the center of Georgia Power's industry-leading strategy to meet the needs of large-energy users while also delivering lower rates and higher reliability for all customers. Read more about this robust strategy in the Georgia Power Customer Protection Pledge.
In addition, OpenAI, which is expected to need approximately 3,200 megawatts (MW) of power for its new facility, has agreed to provide up to 1,000 MW of flexible demand response where it will reduce its power use in times of high demand, meaningfully supporting reliability across Georgia Power's system. Under the 25-year agreement, Georgia Power will have the ability to reduce energy delivered to the OpenAI facility during certain times to support the stability and reliability of the electric grid. This demand response resource will also allow the company to invest in fewer new generation resources to serve future growth, providing savings for customers in the long term. Georgia Power's load flexibility agreement with OpenAI is among the largest single-facility demand response commitments in the country.
"We appreciate the leadership and thoughtfulness of the OpenAI team as they prepare to bring significant investment and cutting-edge technology to Georgia," said Aaron Mitchell, senior vice president of Strategic Growth for Georgia Power. "At Georgia Power, we are working every day to help ensure that growth from data centers and other large-energy users brings value for our customers through higher reliability and lower prices. Companies like OpenAI are making real commitments when it comes to responsible operation and development and demonstrating the benefits that these facilities can bring to Georgia communities. We're excited to work with OpenAI, Effingham County and local partners on this significant project."
In recent years, with new residents moving to the state and large-energy users like data centers and manufacturers choosing Georgia, Georgia Power has moved quickly to anticipate and effectively manage growth with the Georgia PSC. This process includes conducting rigorous reviews of large-load contracts as they are reached with customers – such as the one with OpenAI currently – with Georgia PSC Staff. This industry-leading strategy is helping protect residential and small business customers, and has helped deliver the company's earlier base rate freeze as well as a plan to provide annual savings of $102 for the typical residential customer beginning in 2029.
To learn more about how Georgia Power is keeping energy reliable and affordable for millions of Georgia homes and businesses, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
OpenAI logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 22 (Reuters) - Southern Company's (SO.N), opens new tab subsidiary said on Wednesday it has signed a 25-year power supply agreement with OpenAI for a new project in Effingham County, Georgia.
AI's explosive growth is straining power grids, forcing utilities and tech giants to negotiate who bears the cost and risk as data centers balloon in size.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Here are the details:
OpenAI, which is expected to need about 3,200 megawatts (MW) of power for its new facility, has agreed to provide up to 1,000 MW to the Southern Co subsidiary Georgia Power's systems in times of high demand.
The deal will improve Georgia Power's system reliability, the unit said.
OpenAI will pay the full infrastructure and electric service costs to serve its facility and will fulfill requirements for long-term energy contracts.
OpenAI also said it plans to establish a community investment fund worth $80 million to support local priorities identified by residents.
The ChatGPT maker will also provide up to $71 million in credits for its coding agent, Codex, for students attending colleges, universities and technical schools across Georgia.
The project is expected to create thousands of construction and permanent on-site jobs, generate hundreds of millions of dollars in state and local tax revenue, and prioritize local contractors and businesses, Georgia Power said.
Reporting by Dharna Bafna in Bengaluru; Editing by Leroy Leo
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NEW YORK CITY, NY / ACCESS Newswire / July 20, 2026 / Southern Cross Acquisition I Corp. (NASDAQ:NCOOU) ("NCO") announced the pricing of its initial public offering (the "IPO") of 10,000,000 units at $10.00 per unit. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under "NCOOU" beginning July 21, 2026. Each unit consists of one ordinary share, one redeemable warrant, and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Each whole redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under "NCO," "NCOOW," and "NCOOR," respectively.
D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments.
The offering is expected to close on July 22, 2026, subject to customary closing conditions.
A registration statement on Form S-1 (File No. 333-296723) for these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on July 20, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at [email protected]. Copies of the registration statement can also be obtained by visiting EDGAR on the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.
About Southern Cross Acquisition I Corp.
NCO is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. NCO's target search will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release contains "forward-looking statements," including statements regarding NCO's IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond NCO's control, including those in the Risk Factors section of NCO's registration statement filed with the SEC. Copies are available on the SEC's website, www.sec.gov. NCO disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in NCO's expectations, except as required by law.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 76 cents per share on the company's common stock, payable September 8, 2026, to shareholders of record as of August 17, 2026.
Every quarter for 79 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.
About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.
Southern Co. (SO - Free Report) closed the most recent trading day at $96.07, moving +1.55% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the power company have appreciated by 2.24% over the course of the past month, outperforming the Utilities sector's gain of 0.34%, and the S&P 500's gain of 0.53%.
The investment community will be paying close attention to the earnings performance of Southern Co. in its upcoming release. The company is slated to reveal its earnings on July 30, 2026. It is anticipated that the company will report an EPS of $1, marking a 9.89% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.39 billion, showing a 5.94% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.57 per share and revenue of $31.35 billion, indicating changes of +6.28% and +6.08%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Southern Co. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Southern Co. presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Southern Co. is currently being traded at a Forward P/E ratio of 20.68. For comparison, its industry has an average Forward P/E of 18.14, which means Southern Co. is trading at a premium to the group.
Meanwhile, SO's PEG ratio is currently 2.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.69.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 36% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Twenty thousand dollars a month in dividends means $240,000 a year that has to arrive whether the market cooperates or not. Reaching it is a math problem before it is a stock-picking problem, and the math gets uncomfortable fast when you compare that target with current yields.
The core equation is unforgiving: annual income divided by portfolio yield equals the capital you need before taxes. Every choice from here is a negotiation between how much you have and how much risk you will accept to close the gap. For context, the 10-year Treasury recently yielded about 4.4%, which is the baseline every income strategy has to justify.
The Conservative Path: Dividend Growth at 3% to 4% At a blended 3.5% yield, hitting $240,000 requires roughly $6.86 million in invested capital. That is the ceiling of the range, and it is the price of sleep.3.1% increase to $1.34 per quarter
This tier is anchored by Dividend Kings and regulated utilities. Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) just approved a 3.1% dividend increase to $1.34 per quarter, extending 64 consecutive years of raises. The payout is backed by Q1 2026 revenue of $24.06B (+9.9% YoY) and adjusted EPS of $2.70. Southern Company (NYSE:SO) posted Q1 2026 adjusted EPS of $1.32 on revenue of $8.40B (+8.0% YoY), backed by regulated utility operations and Southeast data-center demand that CEO Chris Womack has flagged as a multi-year tailwind.$4 million
You need almost seven million dollars in capital, and half your total return still has to come from price appreciation.$0.271 monthly
The Middle Ground: REITs and Midstream at 5% to 7% Move to a blended 6% yield and the capital requirement drops to $4 million. That is the tier where net-lease REITs and pipeline partnerships live.6.6% year over year
Realty Income (NYSE:O) pays a $0.27 monthly dividend ($3.246 annualized), a yield near 5.06%, and has raised the dividend for 114 consecutive quarters. Q1 2026 AFFO/share grew 6.6% YoY to $1.13 with occupancy at 98.9%. Enterprise Products Partners yields around 6-7%, with a $0.55 quarterly distribution ($2.20 annualized, +2.8% YoY) and $5.3B of major growth projects under construction. Enterprise issues a K-1, which complicates tax filing.$30.7 billion portfolio
Dividend growth slows at this tier. Realty Income guides for 3.0-3.7% AFFO growth in 2026, which is fine but nowhere near JNJ’s historical compounding.$0.47
The Aggressive Route: BDCs at 8% to 12% Push the blended yield to 10% and you can theoretically produce $240,000 on $2.4 million. That number is seductive and should be treated with suspicion.$19.59
Ares Capital (NASDAQ:ARCC) yields around 10% and earns it from a portfolio with weighted average debt yields of 10.3% at amortized cost. Q1 core EPS of $0.47 covered the $0.48 quarterly dividend with almost no cushion, and the portfolio absorbed $412M in net unrealized losses while NAV slipped to $19.59 from $19.94. Non-accruals rose to 2.1% at amortized cost from 1.8%.
BDCs distribute what they earn from floating-rate middle-market loans. When the Fed cuts, and it has already trimmed rates over the past year, that income base compresses.
The Insight the Yield Table Hides A 3.5% portfolio that starts at $240,000 of income and raises its dividend 7% annually would pay roughly $441,000 in year ten, or about $472,000 in year eleven after ten full annual increases. A 10% portfolio that holds its distribution flat pays $240,000 every year. Ten years in, the dividend-growth investor may have far more income, while the yield chaser may have stood still if the payout never grew.
Most $20,000-a-month dividend portfolios end up blended: a conservative core to grow the income stream, a moderate sleeve to raise current yield, and a small aggressive allocation sized so a dividend cut or price decline does not break the plan.
Checks That Matter Before Chasing $20,000 a Month Recalculate the target against actual spending, not gross income. Replacing a $240,000 salary may require less than $240,000 of portfolio income once payroll taxes, retirement contributions, and work-related costs drop out. The right number is the spending gap after Social Security, pensions, cash reserves, taxes, and any part-time income.
Stress-test the aggressive tier by modeling a 20% NAV drawdown and a 15% dividend cut simultaneously. If that scenario breaks your plan, the allocation is too large.
Compare total return, not just headline yield. Pull adjusted returns for a dividend-growth holding against a double-digit BDC over the same period, then compare income growth, price change, and dividend cuts. The higher yield is not doing more work if it is offset by stagnant income or principal erosion. The Real Goal Is Durable Income A $20,000 monthly dividend target can be built with very different portfolios, but the smallest capital requirement usually carries the largest risk. The better question is not simply how to produce $240,000 this year. It is whether that income can keep arriving, keep growing, and keep surviving the parts of retirement that do not show up in a simple yield table.
Contact [email protected] for any questions or corrections.
Pledge highlights key elements of company's industry-leading strategy that have enabled its earlier base rate freeze and will provide future savings for customers
, /PRNewswire/ -- With new residents moving to the state and large-energy users like data centers and manufacturers choosing Georgia, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers. The company has moved quickly to anticipate and effectively manage this growth with the Georgia Public Service Commission (PSC), creating an industry-leading strategy that is helping protect residential and small business customers through a comprehensive approach that has helped deliver the company's earlier base rate freeze and a plan to provide annual savings of $102 per year for the typical residential customer beginning in 2029.
Today, the company further affirmed its overall commitment by introducing its Customer Protection Pledge at GeorgiaPower.com/Pledge, including six key points.
Protect Your Rates and Keep Energy Affordable Ensure New Large-Energy Users Pay Their Way Invest in a Stronger, More Reliable Grid Negotiate Fairly and Transparently for Property Power a Balanced, Reliable Energy Future Protect What We Share "We know that, in many parts of the country, rapid growth and increasing demand for electricity are creating higher electric rates and lower reliability – that is not happening in Georgia," said Kim Greene, chairman, president and CEO of Georgia Power. "Our Pledge clearly defines and solidifies the strategy that has been working for Georgia Power customers and our communities in recent years. Our company is built for this moment and, as we build and expand the power grid to serve this growth, we will do so responsibly and in a way which lives up to our longstanding mission to be a Citizen Wherever We Serve."
For more than 140 years, Georgia Power has delivered reliable and affordable energy to Georgians as the state has grown. Since 1990, the company has offered rates, on average, 15 percent below the national average while also offering flexible rate plans for residential and business customers, as well as a wide variety of programs to help customers save money and energy. Alongside this focus on affordability, the company also continues to make investments that deliver greater reliability across the state, including its ongoing Grid Investment Program, which improved reliability for more than 500,000 customers in 2025 alone.
To learn more about how Georgia Power is keeping energy reliable and affordable for millions of Georgia homes and businesses, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 15, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from two drill holes from the 100%-owned Redcastle Project in Victoria (Figures 1 to 7). Redcastle is located 64 km to the NNW of the Company's Sunday Creek project (Figure 7).
Best results included 26.2 g/t Au over 0.14 m from 112.98 m and 15.4 g/t Au over 0.22 m from 321.84 m in drill hole SDDRE016 at the Laura prospect, two of eight individual high-grade gold intervals from that hole, which confirmed Costerfield-style gold-antimony mineralization including visible gold over more than 250 m of vertical extent. The true thickness of the mineralized intervals is interpreted to be approximately 70% to 85% of the sampled thickness for all reported holes.
Four High Level Takeaways:
First deep test confirms the system. SDDRE016 is among the first holes to test the Laura prospect below the historic workings and water table, intersecting gold and antimony bearing vein mineralisation over more than 250 m of vertical extent, with visible gold in subvertical extensional veins reminiscent of Costerfield-style mineralization.
High grades at depth. Eight separate high-grade gold intervals were returned from SDDRE016, headlined by 26.2 g/t Au over 0.14 m from 112.98 m, 15.4 g/t Au over 0.22 m from 321.84 m and 5.0 g/t Au with 0.33% Sb over 0.10 m from 294.11 m, demonstrating that the high grades historically mined at surface continue at depth.
A district-scale opportunity. Redcastle hosts 14 individual reefs across a 900 m cross-strike corridor and combined historic workings over 17 km of strike, the great majority of which has never been drill tested below approximately 50 m depth, providing a strong pipeline of targets along strike from Costerfield.
Regional growth in the Victorian epizonal goldfields alongside Sunday Creek. Eleven drill rigs are now operational across the 10km sitrike at Sunday Creek, with two rigs dedicated to targets outside the core drill area up to 8 km to the east, as the Company advances its 200,000 m drill program through to Q1 2027 with results pending from 71 holes.
Michael Hudson, President & CEO, states: "These are the first deep holes ever drilled beneath the Laura prospect at Redcastle, and they have done exactly what we hoped. We have intersected high-grade gold, visible gold and antimony in the same Costerfield-style vein architecture that has made this corner of Victoria one of the highest-grade gold endowments on earth.
"Redcastle sits just 7 km along strike from Costerfield, on a parallel structure, with 14 reefs over a 900 m wide corridor and 17 km of historic workings that have barely been scratched below the water table. SDDRE016 tells us the system has real depth potential, and it is only the beginning of a sustained regional campaign.
"With eleven rigs now turning across our landholding and results pending from 71 holes, Redcastle adds a genuine second engine of discovery alongside Sunday Creek as we drill through to the first quarter of 2027."
For Those Who Like the Details - Highlights:
SDDRE016 (Laura) tested the mineralized western limb of the NNW-SSE trending Redcastle Anticline and a large IP chargeability body modelled from 155 m. The hole intersected steeply west-dipping bedding-parallel laminated veins and steep extensional veins hosting pyrite-arsenopyrite mineralization with associated gold and antimony from 102 m to 360 m, before passing through the anticlinal hinge at approximately 380 m to a final depth of 410.45 m. Highlights include:2.1 g/t Au & 0.81% Sb over 0.10 m from 103.30 m2.5 g/t Au over 0.35 m from 110.91 m26.2 g/t Au over 0.14 m from 112.98 m1.1 g/t Au over 0.10 m from 154.45 m5.0 g/t Au & 0.33% Sb over 0.10 m from 294.11 m15.4 g/t Au over 0.22 m from 321.84 m4.8 g/t Au over 0.21 m from 329.57 m2.8 g/t Au over 0.14 m from 334.50 mSDDRE017 (Beautiful Venus) was drilled west to east to test below historic workings intersected at approximately 42.5 m vertical depth in earlier hole MDDRE014. Trace antimony was observed in a steep extensional vein at 66.5 m down hole, and low-tenor gold was returned, with a best result of 0.91 g/t Au over 0.29 m from 140.71 m. The hole confirms the structural setting and vein style and will help vector future drilling at the prospect.Drill Hole Discussion
Two drill holes are reported here targeting the Laura and Beautiful Venus prospects within the broader Redcastle Project, drilled in a west-to-east orientation to optimize high intersection angles across the steeply dipping vein architecture.
SDDRE016
SDDRE016 was designed to test the mineralized western limb of an NNW-SSE trending Redcastle Anticline, targeting at depth several bedding-parallel to sub-parallel structures expressed as workings at surface, together with a large IP chargeability body modelled from 155 m. The hole intersected steeply west-dipping bedding and vein-hosted pyrite-arsenopyrite mineralization from 102 m to 360 m, before passing through an anticlinal hinge at approximately 380 m to a final depth of 410.45 m. Mineralized veins were absent between the hinge zone and the end of hole.
Three styles of mineralized features were logged: a deformed black shale unit, bedding-parallel laminated veins, and steep to vertical extensional veins. Mineralization is punctuated by arsenopyrite-pyrite halos developed around veins, with antimony and gold hosted within the veins themselves. Visible gold was intersected in subvertical extensional veins fringed by arsenopyrite haloes, reminiscent of Costerfield-style mineralization.
As one of the first holes to test the Laura prospect to this depth, SDDRE016 is highly encouraging. The headline 26.2 g/t Au intercept lies at a vertical depth of approximately 86 m below surface, while deeper high-grade veins extend the mineralized system to more than 250 m of vertical extent. Further drilling is required to define strike and dip continuity between intercepts. Better results included:
2.1 g/t Au & 0.81% Sb over 0.10 m from 103.30 m2.5 g/t Au & 0.00% Sb over 0.35 m from 110.91 m26.2 g/t Au & 0.01% Sb over 0.14 m from 112.98 m1.1 g/t Au & 0.06% Sb over 0.10 m from 154.45 m5.0 g/t Au & 0.33% Sb over 0.10 m from 294.11 m15.4 g/t Au & 0.03% Sb over 0.22 m from 321.84 m4.8 g/t Au & 0.00% Sb over 0.21 m from 329.57 m2.8 g/t Au & 0.00% Sb over 0.14 m from 334.50 mSDDRE017
SDDRE017 tested the Beautiful Venus prospect, drilled west to east where the previous hole MDDRE014 intersected old workings at a vertical depth of 42.5 m.
Trace antimony was observed in a steep extensional vein at 66.5 m down hole. The hole returned low-tenor gold, with a best individual result of 0.91 g/t Au over 0.29 m from 140.71 m, and confirms the structural and vein setting for future targeting at the prospect.
Figure 1: Regional drill rig set up at Redcastle.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/305229_a477600464d2eb23_003full.jpg
About Redcastle
The Redcastle Gold-Antimony Project, located 110 km north of Melbourne and 64 km NNW of Sunday Creek in central Victoria. The project comprises three granted exploration licences (EL5546, EL7498 and EL7499) covering a combined 7,500 hectares. The project straddles the northern tenements of Alkane Resources' Costerfield gold-antimony mine, sitting 7 km along strike from Costerfield on a parallel north-south structure and 24 km east of Agnico Eagle's Fosterville mine.
The Redcastle goldfield is a structurally controlled epizonal system, centred on the western limb of the plunging Redcastle Anticline and hosted in thinly interbedded Silurian sandstones and mudstones. Gold mineralization occurs in bedding-parallel laminated quartz veins striking ~345° and dipping steeply westward, containing quartz, carbonate, visible gold and stibnite, with a narrow arsenopyrite-pyrite halo in the surrounding host rock. The field is distinguished by closely spaced reefs, with 14 individual reefs occurring across a 900 m cross-strike distance on the western side, and combined historic workings extending over 17 km of strike.
First discovered in 1859, Redcastle is one of the most significant historic epizonal high-grade goldfields in Victoria. Reef mining during the 1859 to 1865 period delivered exceptional grades from narrow, continuous structures: the Welcome Group of mines extracted 20,583 oz at 254.6 g/t Au over 2 km of strike length down to a maximum depth of 125 m, and the Redcastle Gold Mining Company produced 35,000 oz at 33 g/t Au from Clarke's Reef. Historic mining was shallow (average ~55 m depth) with individual reef widths typically under 0.6 m and average mining widths of approximately 1 m.
Further Information
Further discussion and analysis of the Redcastle project is available at https://www.southerncrossgold.com/projects/redcastle on the SXGC website. These data, along with an interview on these results with President & CEO/Managing Director Michael Hudson can be viewed at www.southerncrossgold.com.
No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However, during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Company notes that due to rounding of assay results to one decimal place, minor variations in calculated composite grades may occur.
Figures 1 to 7 show project location, plan and longitudinal views of drill results reported here and Tables 1 to 2 provide collar and assay data. The true thickness of the mineralized intervals reported individually as estimated true widths ("ETW"), otherwise they are interpreted to be approximately 70% to 85% of the sampled thickness for other reported holes. No compositing has been undertaken.
Critical Metal Epizonal Gold-Antimony Deposits
Redcastle (Figure 7) is an epizonal gold-antimony deposit formed in the late Devonian (like Fosterville, Costerfield and Sunday Creek), 60 million years later than mesozonal gold systems formed in Victoria (for example Ballarat and Bendigo). Epizonal deposits are a form of orogenic gold deposit classified according to their depth of formation: epizonal (<6 km), mesozonal (6 km to 12 km) and hypozonal (>12 km).
Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday Creek and Redcastle are no exception. China claims a 56 per cent share of global mined supplies of antimony, according to a 2023 European Union study. Antimony features highly on the critical minerals lists of many countries including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria, located nearby to all SXGC projects. Antimony alloys with lead and tin which results in improved properties for solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen-containing flame retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high-tech industry, especially the semi-conductor and defence sectors where it is a critical additive to primers in munitions.
Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) is defining a leading gold-antimony project at the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 88 composite intersections exceeding 100 g/t Au from 126.3 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with structures tested from surface to 1,200 m depth.
Sunday Creek's strategic value is enhanced by its dual-metal profile. The Company has a critical mineral the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier.
Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation.
With a strong cash position, 1,392 Ha of strategic freehold land ownership, and a large 200 km drill program planned through Q1 2027, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction, delivering milestone by milestone.
- Ends -
For ASX Compliance: This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.
NI 43-101 Technical Background and Qualified Person
Kenneth Bush, Head of Exploration for SXGC, a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315), is the Qualified Person as defined by the NI 43-101. Mr Bush has prepared, reviewed, verified and approved the technical contents of this release.
Analytical samples are transported to the Bendigo facility of On Site Laboratory Services ("On Site") which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (PE01S method; 25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required) use aqua regia digestion and ICP-MS analysis. The QA/QC program of Southern Cross Gold consists of the systematic insertion of certified standards of known gold content, blanks within interpreted mineralized rock and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process.
SXGC considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") have reasonable potential to be recovered and sold at Redcastle, given current geochemical understanding, historic production statistics and geologically analogous mining operations. The Costerfield mine corridor, now owned by Alkane Resources (previously Mandalay Resources) contains two million ounces of equivalent gold (Mandalay Resources Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony.
SXGC considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its 2024 End of Year Mineral Reserves and Resources Press Release, dated February 20, 2025. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2024 production costs, using a gold price of US$2,500 per ounce, an antimony price of US$19,000 per tonne and 2024 total year metal recoveries of 91% for gold and 92% for antimony, and is as follows:
AuEq = Au (g/t) + 2.39 × Sb (%)
Based on the latest Costerfield calculation and given the similar geological styles of Redcastle mineralization and Costerfield, SXGC considers that a AuEq = Au (g/t) + 2.39 × Sb (%) is appropriate to use for the initial early stage exploration targeting of gold-antimony mineralization at Sunday Creek and Redcastle.
JORC Competent Person Statement
Information in this announcement that relates to new exploration results contained in this report is based on information compiled by Mr Kenneth Bush a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315). Mr Bush has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Head of Exploration of Southern Cross Gold Consolidated Limited and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Certain information in this announcement that relates to prior exploration results is extracted from the Independent Geologist's Report dated 11 December 2024 which was issued with the consent of the Competent Person, Mr Steven Tambanis. The report is included in the Company's prospectus dated 11 December 2024 and is available at www.asx.com.au under code "SX2". The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the original market announcement. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the original market announcement.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original document/announcement and the Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian (under code SX2) securities regulatory authorities. You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
Figure 2: Redcastle plan view showing selected results from holes SDDRE016 with selected prior reported drill holes, hillshaded LiDAR and historic workings.
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Figure 3: Redcastle plan view showing selected results from holes SDDRE017 with selected prior reported drill holes, hillshaded LiDAR and historic workings.
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Figure 4: Redcastle Project. Prospect scale schematic cross sections (A-A' and B-B') with results from recently drilled holes SDDRE016 and SDDRE017
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Figure 5: Redcastle Project Scale Geology. Geological section C-C' line presented with key prospects.
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Figure 6: Redcastle Project Idealized Geological Cross Section (C-C'). Schematic not to scale.
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Figure 7: Location of the Redcastle Gold-Antimony Project, along with the 100% owned Sunday Creek Project.
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Table 1: Drill collar summary table for recent drill holes in progress.
Hole IDDepth
(m)ProspectEast
GDA94 Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94 Z55SDDRE016410.45Redcastle3027355927298217-50.367.7SDDRE017359.8Beautiful Venus305388.65926618206.62-50.968.9Table 2: All individual assays reported from SDDRE016 and SDDRE017 reported here >0.1g/t AuEq. Individual assay and sample intervals are reported to two decimal places.
CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialized industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralization that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverized to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (e.g. submarine nodules) may warrant disclosure of detailed information.Sampling has been conducted on drill core (half core for >90% and quarter core for check samples), grab samples (field samples of in-situ bedrock and boulders; including duplicate samples), trench samples (rock chips, including duplicates) and soil samples (including duplicate samples).
Locations of field samples were obtained by using a GPS, generally to an accuracy of within 5 metres. Drill hole and trench locations have been confirmed to <1 metre using a differential GPS.
Samples locations have also been verified by plotting locations on the high-resolution Lidar mapsDrill core is marked for cutting and cut using an automated diamond saw used by Company staff in Kilmore.
Samples are bagged at the core saw and transported to the Bendigo On Site Laboratory for assay.
At On Site samples are crushed using a jaw crusher combined with a rotary splitter and a 1 kg split is separated for pulverizing (LM5) and assay.Standard fire assay techniques are used for gold assay on a 30 g charge by experienced staff (used to dealing with high sulfide and stibnite-rich charges). On Site gold method by fire assay code PE01S.Screen fire assay is used to understand gold grain-size distribution where coarse gold is evident.ICP-OES is used to analyse the aqua regia digested pulp for an additional 12 elements (method BM011) and over-range antimony is measured using flame AAS (method known as B050).Soil samples were sieved in the field and an 80-mesh sample bagged and transported to ALS Global laboratories in Brisbane for super-low level gold analysis on a 50 g samples by method ST44 (using aqua regia and ICP-MS).Grab and rock chip samples are generally submitted to On Site Laboratories for standard fire assay and 12 element ICP-OES as described above.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).HQ or NQ diameter diamond drill core, oriented using Axis Champ orientation tool with the orientation line marked on the base of the drill core by the driller/offsider.
A standard 3 metre core barrel has been found to be most effective in both the hard and soft rocks in the project.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Core recoveries were maximized using HQ or NQ diamond drill core with careful control over water pressure to maintain soft-rock integrity and prevent loss of fines from soft drill core. Recoveries are determined on a metre-by-metre basis in the core shed using a tape measure against marked up drill core checking against driller's core blocks.Plots of grade versus recovery and RQD (described below) show no trends relating to loss of drill core, or fines.LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.The total length and percentage of the relevant intersections logged.Geotechnical logging of the drill core takes place on racks in the company core shed.
Core orientations marked at the drill rig are checked for consistency, and base of core orientation lines are marked on core where two or more orientations match within 10 degrees.
Core recoveries are measured for each metre
RQD measurements (cumulative quantity of core sticks > 10 cm in a metre) are made on a metre-by-metre basis.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.The ½ core cutting line is placed approximately 10 degrees above the orientation line so the orientation line is retained in the core tray for future work.Geological logging of drill core includes the following parameters:
Rock types, lithology
Alteration
Structural information (orientations of veins, bedding, fractures using standard alpha-beta measurements from orientation line; or, in the case of un-oriented parts of the core, the alpha angles are measured)
Veining (quartz, carbonate, stibnite)
Key minerals (visible under hand lens, e.g. gold, stibnite)100% of drill core is logged for all components described above into the company MX logging database.Logging is fully quantitative, although the description of lithology and alteration relies on visible observations by trained geologists.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.Logging is considered to be at an appropriate quantitative standard to use in future studies.Sub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Drill core is typically half-core sampled using an Almonte core saw. The drill core orientation line is retained.Quarter core is used when taking sampling duplicates (termed FDUP in the database).Sampling representivity is maximized by always taking the same side of the drill core (whenever oriented), and consistently drawing a cut line on the core where orientation is not possible. The field technician draws these lines.Sample sizes are maximized for coarse gold by using half core, and using quarter core and half core splits (laboratory duplicates) allows an estimation of nugget effect.In mineralized rock the company uses approximately 10% of ¼ core duplicates, certified reference materials (suitable OREAS materials), laboratory sample duplicates and instrument repeats.In the soil sampling program duplicates were obtained every 20th sample and the laboratory inserted low-level gold standards regularly into the sample flow.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.The fire assay technique for gold used by On Site is a globally recognized method, and over-range follow-ups including gravimetric finish and screen fire assay are standard. Of significance at the On Site laboratory is the presence of fire assay personnel who are experienced in dealing with high sulfide charges (especially those with high stibnite contents) - this substantially reduces the risk of inaccurate reporting in complex sulfide-gold charges.Where screen fire assay is used, this assay will be reported instead of the original fire assay. The ICP-OES technique is a standard analytical technique for assessing elemental concentrations. The digest used (aqua regia) is excellent for the dissolution of sulfides (in this case generally stibnite, pyrite and trace arsenopyrite), but other silicate-hosted elements, in particular vanadium (V), may only be partially dissolved. These silicate-hosted elements are not important in the determination of the quantity of gold, antimony, arsenic or sulphur.A portable XRF has been used in a qualitative manner on drill core to ensure appropriate core samples have been taken (no pXRF data are reported or included in the MX database).Acceptable levels of accuracy and precision have been established using the following methods
¼ duplicates - half core is split into quarters and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 40 g/t Au.
Blanks - blanks are inserted after visible gold and in strongly mineralized rocks to confirm that the crushing and pulping are not affected by gold smearing onto the crusher and LM5 swing mill surfaces. Results are excellent, generally below detection limit and a single sample at 0.03 g/t Au.
Certified Reference Materials - OREAS CRMs have been used throughout the project including blanks, low (<1 g/t Au), medium (up to 5 g/t Au) and high-grade gold samples (> 5 g/t Au). Results are automatically checked on data import into the MX database to fall within 2 standard deviations of the expected value.
Laboratory splits - On Site conducts splits of both coarse crush and pulp duplicates as quality control and reports all data. In particular, high Au samples have the most repeats.
Laboratory CRMs - On Site regularly inserts their own CRM materials into the process flow and reports all data
Laboratory precision - duplicate measurements of solutions (both Au from fire assay and other elements from the aqua regia digests) are made regularly by the laboratory and reported.Accuracy and precision have been determined carefully by using the sampling and measurement techniques described above during the sampling (accuracy) and laboratory (accuracy and precision) stages of the analysis.Soil sample company duplicates and laboratory certified reference materials all fall within expected ranges.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.The Independent Geologist has visited the project drill sites and inspected drill core held at the Kilmore core shed.Visual inspection of drill intersections matches both the geological descriptions in the database and the expected assay data (for example, gold and stibnite visible in drill core is matched by high Au and Sb results in assays).In addition, on receipt of results Company geologists assess the gold, antimony and arsenic results to verify that the intersections returned expected data.The electronic data storage in the MX database is of a high standard. Primary logging data are entered directly by the geologists and field technicians and the assay data are electronically matched against sample number on return from the laboratory.Certified reference materials, ¼ core field duplicates (FDUP), laboratory splits and duplicates and instrument repeats are all recorded in the database.Adjustments to assay data are recorded by MX, and none are present (or required).Twinned drill holes are not available at this stage of the project.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Differential GPS used to locate drill collars, trenches and some workingsStandard GPS for some field locations (grab and soils samples), verified against Lidar data.The grid system used throughout is Geocentric datum of Australia 1994; Map Grid Zone 55 (GDA94_Z55), also referred to as ELSG 28355. Reported azimuths also relate to MGA55 (GDA94_Z55).Topographic control is excellent owing to sub 10 cm accuracy from Lidar data.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.The data spacing is suitable for reporting of exploration results - evidence for this is based on the improving predictability of high-grade gold-antimony intersections.At this time, the data spacing and distribution are not sufficient for the reporting of Mineral Resource Estimates. This however may change as knowledge of grade controls increase with future drill programs.Samples have not been composited. All individual assays above 0.1 g/t AuEq have been reported to two decimal places with no compositing in table 2. Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material.The true thickness of the mineralized intervals reported are interpreted to be approximately 70-85% of the sampled thickness. Drilling is oriented in an optimum direction when considering the combination of host rock orientation and apparent vein control on gold and antimony grade.
The steep nature of some of the veins may give increases in apparent thickness of some intersections, but more drilling is required to quantify.A sampling bias is not evident from the data collected to date (drill holes cut across mineralized structures at a moderate angle).Sample securityThe measures taken to ensure sample security.Drill core is delivered to the Kilmore core logging shed by either the drill contractor or company field staff. Samples are marked up and cut by company staff at the Kilmore core shed, in an automated diamond saw and bagged before loaded onto strapped secured pallets and trucked by company staff to Bendigo for submission to the laboratory. There is no evidence in any stage of the process, or in the data for any sample security issues.Audits or reviewsThe results of any audits or reviews of sampling techniques and data.Continuous monitoring of CRM results, blanks and duplicates is undertaken by geologists and the company data geologist. Mr Kenneth Bush for SXG has the orientation, logging and assay data.Section 2 Reporting of Exploration Results
CriteriaJORC Code explanationCommentaryMineral tenement
and land tenure
statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.The Redcastle Project comprises three granted exploration licences in central Victoria, Australia: EL5546, EL7498 and EL7499. All three are held by SXG Victoria Pty Ltd, a 100% subsidiary of Southern Cross Gold Consolidated Ltd (SXGC)The tenements are in good standing with no known impediments. Most of the project area covers Rushworth-Heathcote State Forest (Crown land), adjacent to but not within the Heathcote-Graytown National Park. Some private land occurs on the eastern side of the main tenement, and the south-west portion is approximately 90% private smallholdings. SXGC engages with the Taungurung Land & Waters Council under a dedicated Indigenous People's Policy, with cultural clearances completed on all drill sites prior to disturbance.Exploration done by
other parties Acknowledgment and appraisal of exploration by other parties.Mining at Redcastle commenced in 1859 with alluvial workings, transitioning to reef mining where the Welcome Group of mines reportedly produced 20,583 oz at 254.6 g/t Au over 2 km of strike from 1859 to 1865, and the Redcastle Gold Mining Company produced 35,000 oz at 33 g/t Au from Clarke's Reef (Lidgey, E.F. (1898), Special Report on the Redcastle Goldfield, Victorian Department of Mines (GSV document G21967); and Victorian Department of Mines Annual Reports (1859-1865). Production figures are historical, unverified by SXGC, and do not constitute a JORC 2012 or NI 43-101 compliant estimate). Since the introduction of the Exploration Licence system in 1965, fourteen ELs have covered ground within the current Redcastle Project. Documented modern exploration includes RC drilling (47 holes for 1,785 m), RAB drilling (31 holes for 155 m), rock chip and soil sampling (101 and 228 samples respectively), and 137 costeans with 3,731 costean samples carried out across various tenements (notably EL4594, MIN4594 and EL3316) between 2005 and 2011. Nagambie Resources Limited conducted first-pass exploration drilling prior to Core Prospecting Pty Ltd acquiring PL6415 (Laura), where Core Prospecting subsequently drilled 16 diamond holes for 1,923.2 m in 2019. SXGC (via its predecessor subsidiary Mawson Victoria Pty Ltd) commenced systematic exploration in 2020.Geology Deposit type, geological setting and style ofmineralization.Refer to the description in the main body of the release.Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the followinginformation for all Material drill holes:easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depth hole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Refer to tables in the main body of the release.Data aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high-grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.See "Further Information" and "Metal Equivalent Calculation" in main text of press release.Relationship
between
mineralization
widths and
intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g 'down holelength, true width not known').See reporting of true widths in the body of the press release.DiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.The results of the diamond drilling are displayed in the figures in the announcement.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high-grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.All results above 0.1 g/t AuEq have been tabulated in this announcement. The results are considered representative with no intended bias.Core loss, where material, is disclosed in tabulated drill intersections.Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.SXGC and predecessor Mawson Victoria have completed an extensive geophysical and remote-sensing programme over the Redcastle Project, including: ground magnetics, high-density ground gravity, gradient array IP, offset dipole-dipole IP and a 58 km² LiDAR survey which has identified over 40,000 hard rock and alluvial workings through machine learning. Reconnaissance soil and rock chip sampling at the Black Squall prospect has returned anomalous results including 0.36 g/t Au and 63 ppm Sb in soil, and float samples to 73 g/t Au and 3,500 ppm Sb. Hyperspectral analysis of drill core has been undertaken to define alteration anomalies and develop a 'near-miss' vector model.Further workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.Planned further work at Redcastle includes additional diamond drilling programmes beyond the high-grade Laura intercepts into the approximately 17 km of untested reef systems at Redcastle, where extensive vein strike remains untested below the water table (~50 m average depth) and under approximately 50% alluvial cover.
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Source: Southern Cross Gold Consolidated Ltd.
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Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) ("CanCambria" or the "Company") announced today a technical and commercial update for the Soltvadkert/Tazlar/Alpar Shallow Oil Fairway ("STA Fairway"), highlighting continued advancement of the project and outlining key milestones expected to drive value creation going forward. Among these is the Company's plan to acquire its own 3D seismic survey over the STA Fairway, with acquisition currently targeted for late 2H, 2026 subject to customary regulatory approvals.
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Christmas has always been more than presents under a tree. It is the flight home after a year apart, the dinner table with an extra leaf pulled out, the gifts that delight grandchildren, the church service on Christmas Eve, and the quiet satisfaction of being able to give generously without wondering how the credit card bill will look in January. As those traditions have become more expensive, many families have found themselves scaling back, not because they value Christmas less, but because it costs more to celebrate it the way they remember.
The average winter holiday budget is not the same as the full cost of Christmas. NRF’s 2025 survey put planned spending on gifts, food, decorations, and other seasonal items at about $890 per person. Once travel, hosting, charitable giving, and family traditions are included, however, a travel-heavy family Christmas can easily approach $5,000. It is a recurring expense many households never calculate because it arrives in dozens of small purchases spread over several weeks. And, for families who don’t plan for it financially, Christmas can become something they’re still paying for well into the next year.
So how much capital would be needed to help pay for Christmas each year without routinely drawing down principal? Use $5,000 a year as the target. The math gets interesting fast.
The Sleep-At-Night Tier: 3% To 4% Yield At a 3.5% yield, $5,000 a year requires roughly $143,000 in capital. At 4%, the number drops to $125,000. This is the dividend growth tier: broad equity income funds, blue-chip aristocrats, and quality consumer staples.
Coca-Cola (NYSE: KO) raised its quarterly payout to $0.53 in 2026, marking its 64th consecutive annual dividend increase. PepsiCo (NASDAQ: PEP) announced its 54th consecutive annual increase, lifting the dividend to $1.48 per quarter. At recent yields of roughly 2.6% for Coca-Cola and about 4.1% for PepsiCo, a $125,000 position split evenly between the two would produce about $4,200 a year before taxes, not $5,000.
The Middle Path: 5% To 7% Yield Step the yield to 6% and the capital required falls to roughly $83,000. This is the territory of net lease REITs, regulated utilities, and preferred shares.
Realty Income (NYSE: O) calls itself the Monthly Dividend Company for a reason: it has declared more than 670 consecutive monthly dividends, with a recent payment of $0.271 per share and a yield around 5.2%. Regulated utilities like Southern Company (NYSE: SO) and Duke Energy (NYSE: DUK) pay quarterly distributions backed by rate-regulated cash flows. Southern raised its annualized dividend to $3.04 in 2026, while Duke’s quarterly dividend is $1.065.
The High-Yield Lane: 8% To 12% At a 10% yield, $5,000 a year takes only $50,000. The catch is that the principal often does not grow, and sometimes shrinks. Main Street Capital (NYSE: MAIN) paid regular monthly dividends of $0.26 per share in the second quarter of 2026, then raised the regular monthly dividend to $0.265 for the third quarter, with $0.30 supplemental dividends declared for March and June. Mortgage REITs and leveraged covered-call funds can stretch yields higher, but distributions can be cut and net asset value can grind lower over time.
Don’t Miss These Quiet Advantages A 10% yield with no growth pays $5,000 every December for a decade if the payout holds. A 3% yield that starts at $5,000 and grows 8% a year would pay about $10,000 by year 10 and about $21,600 by year 20. The high-yield portfolio still pays $5,000 if the distribution never changes; the dividend-growth portfolio becomes a much larger income source if the growth rate persists.
The other quiet advantage is psychological. Monthly payers like Realty Income and Main Street Capital deposit a check 12 times a year, which can help match a sinking-fund approach to holiday spending. The 10-year Treasury recently yielded about 4.4%, but a Treasury coupon does not rise after purchase. Some equity dividends can rise over time, but only when the business and board support the increase.
Turn Christmas Into a Planned Income Need Price your actual Christmas. Pull last year’s November and December credit card statements and add gifts, travel, hosting costs, decorations, charitable giving, and the extra grocery runs that never make it into the “gift” budget. The real number is often higher than the number families carry in their heads. Compare a 3% grower against a 10% payer over a real holding period. Total return matters more than the headline yield, and the compounding chart often favors the lower starting yield when dividend growth and principal appreciation persist.
Layer the payment schedule. Pair a monthly payer with quarterly dividend growers so cash arrives throughout the year instead of in one lump. That can make the portfolio easier to use as a Christmas sinking fund without forcing December sales. A Holiday Fund That Can Grow With the Tradition The best Christmas portfolio is not the one with the flashiest yield. It is the one that turns a recurring family expense into a planned income need, then matches that need with the right mix of yield, growth, diversification, and tax awareness. A generous holiday does not have to be funded by December panic. It can be built all year, one dividend at a time.
Contact [email protected] for any questions or corrections.
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A $60,000 retirement paycheck sounds like a single target, but a portfolio can produce it in very different ways. A lower-yield portfolio demands more capital upfront but may give the income room to grow. A high-yield portfolio can shrink the capital requirement, but it usually asks the investor to accept more credit risk, distribution risk, or principal volatility.
The 10-year Treasury recently yielded about 4.4%, while the federal funds target range stood at 3.50% to 3.75%. Core PCE inflation was 3.4% year over year in May 2026, up from 3.3% in April, so the income built today still needs a path to grow. That tension between current yield and purchasing power drives a portfolio that can run without constant tinkering.
The Conservative Anchor: 3% to 4% Yields At a 3.5% yield, $60,000 of income requires roughly $1,714,000 of capital. At 4%, the figure drops to $1,500,000. This tier holds dividend growers, regulated utilities, and broad equity income funds. The starting yield looks modest, but the raise schedule is the reason to own it.
Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) yields about 2.2% after a strong run, but its board just lifted the quarterly payout to $1.34, extending a streak of 64 consecutive annual increases. Procter & Gamble (NYSE:PG) yields 2.8% and has raised the dividend for 70 straight years. Southern Company (NYSE:SO), the Atlanta utility, yields about 3.1% and sits in the path of Southeastern data center load growth.
Total return still matters. A dividend stock can look conservative on yield and still create wealth through a combination of rising payouts and price appreciation. The correct comparison is not yield alone, but income growth plus total return over the same holding period.
The Middle Ground: 5% to 7% Yields Halve the capital by doubling the yield. $60,000 at 6% needs $1,000,000. At 7%, about $857,000.
Realty Income (NYSE: O) is the anchor many retirees know. It pays monthly and reported its 114th consecutive quarterly dividend increase in March 2026. AFFO per share increased 6.6% year over year to $1.13 in the first quarter, and 2026 AFFO-per-share guidance implied projected annual growth of 3.0% to 3.7%. The trade-off is that the higher starting yield usually comes with slower income growth than the best dividend growers.
The High-Yield Edge: 8% to 12% At 10%, $600,000 throws off $60,000. At 12%, $500,000.
Business development companies dominate here. Ares Capital (NASDAQ:ARCC) yields about 10.7% and earns a weighted 10% on its debt portfolio. Main Street Capital (NYSE:MAIN) yields about 6.1% on the regular monthly distribution, with quarterly supplementals of $0.30 that lift the all-in rate by another two to three points.
Distribution history is where this tier earns its warning label. ARCC’s $0.48 regular quarterly dividend has been steady recently, while Main Street’s regular monthly payout has risen to $0.265. That is real income, but it is not the same profile as a 60- or 70-year dividend-growth record. High current yields can work, but they should be stress-tested against credit losses, rate changes, and market-price declines.
What the Math Actually Says A 3.5% yield with income compounding at 7% doubles the payout in about 10 years. A 10% yield with flat distributions stays flat in nominal dollars, and after 3% inflation the real income shrinks every year. The conservative tier asks for more capital upfront and rewards patience. The aggressive tier asks for less capital and pays more now, but with a higher risk that income or principal disappoints.
A practical structure can blend them: a core of dividend growers like JNJ, PG, and Southern that aim to lift income each year, with a satellite in Realty Income and ARCC to fill part of the current income gap.
A Better Allocation Check Pull your last two years of actual spending, not your pre-retirement salary. The income you need to replace is often smaller than the number you carry around.
Compare total return, not just yield. Put a dividend-growth stock, a REIT, and a high-yield BDC on the same chart with dividends included. The question is whether the higher current payout also preserved or grew principal.
Model the tax treatment. Qualified dividends are taxed at lower capital-gain rates when IRS rules are met, while ordinary dividends are included in ordinary income. REIT and BDC distributions often receive less favorable treatment than qualified dividends, so the same $60,000 of pre-tax income can land differently in a taxable account than in an IRA. The Portfolio Has to Work After Year One A $60,000 retirement paycheck is not just a yield problem. It is a durability problem. The right mix has to pay enough now, grow enough later, and survive the tax and market realities in between. A higher yield can close an immediate income gap, but the portfolio still has to fund the years when inflation has made today’s paycheck feel smaller.
Contact [email protected] for any questions or corrections.
, /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced that it has signed lease agreements with China Southern Air Logistics Co. Ltd. ("China Southern Airlines Cargo") for three Boeing 777-300ERSF converted freighter aircraft.
The aircraft, also known as "The Big Twin," represents the first passenger-to-freighter conversion program for the Boeing 777-300ER. The first aircraft is scheduled for delivery in October 2027, while the second and third aircraft are scheduled for delivery in Q1 and Q2 2028, respectively.
"We are delighted to once again support the China Southern Group, a long-standing AerCap customer and a key participant in the global air transportation market," said Aengus Kelly, Chief Executive Officer of AerCap. "Through this important transaction, China Southern Airlines Cargo will add three B777-300ERSF aircraft to its fleet, offering an exceptional combination of range, payload capability and efficiency, powered by the proven GE90 platform. The aircraft will integrate seamlessly into China Southern Air Logistics' existing B777 fleet. We extend our sincere thanks to the teams at China Southern Airlines, China Southern Air Logistics and China Southern Airlines Cargo for their trust and partnership, and look forward to supporting their continued expansion."
Li Xiao, Chairman, CSA Logistics said, "We are delighted to sign this significant agreement, extending our long-standing partnership with AerCap. The introduction of the Boeing 777-300ERSF converted freighters marks a major milestone in the continued evolution of our fleet. These aircraft will provide strong support for our strategy to expand intercontinental routes, enabling us to deliver superior service to customers worldwide."
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is headquartered in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world.
About China Southern Airlines Cargo
China Southern Airlines, the largest airline in China in terms of passenger carried, operates the largest fleet with intensive route network, ranking the first in Asia and the forth in the world. With the rapid growth of China Southern, our cargo business is also thriving. Starting from wet-leased freighters, to currently operating a self-owned fleet of two Boeing 747-400Fs and twelve Boeing 777-200F freighters, China Southern Cargo has achieved leapfrog development. With a long term vision and globalization strategy, China Southern Cargo established Shanghai and Guangzhou as its "dual-cargo-hubs", developed a freighter network which covers 10 domestic and international stations, including Shanghai, Guangzhou, Chongqing, Amsterdam, Stansted, Frankfurt, Los Angeles, Chicago, Ho Chi Minh and Hanoi. At the same time, China Southern offers seamless belly cargo transportation service with more than 700 passenger aircraft. We have successfully constructed worldwide cargo coverage through connecting the air and the ground networks. Through SPA with more than 50 partner airlines, China Southern Cargo service can reach more than 300 cities around the globe. In addition, by well-developed domestic and international trucking network, it can extend to 260 trucking destinations. China Southern Cargo has strong ground handling capability in China with self-handled cargo terminals located in 12 cities in China, including Guangzhou, Shenzhen, Dalian, Shenyang, Urumqi, Haikou, Zhengzhou, Changsha, Changchun, Harbin, Guiyang and Wuhan.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; trade tensions, including U.S. tariffs and retaliatory measures by the European Union, China and other countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.
As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.
As previously announced in the Company's press releases dated February 20 and May 7, 2026, the primary objectives of the expansion drilling program are to:
Expand and upgrade the 85.17 million tonnes of Indicated Resources and 945.43 million tonnes of Inferred Resources in the Updated MRE.Conduct targeted step-out drilling with 50m spacing within the higher-grade core area of the potential starter pit, aiming to further expand the Indicated Resource.Test the potential down-dip and strike length of known higher-grade Silver-Tin (Ag-Sn)-polymetallic shoots, which remain open laterally and at depth.Follow up on the successful 2024-2025 step-out drilling program that extended the mineralized envelope down-dip and along approximately 1.4 kilometres of strike length to both the east and west.Complete a 40,000m diamond drilling program comprising approximately 75 holes, to be executed by Major Drilling Group International Inc. using three drill rigs. The program is expected to be completed during the first quarter of 2027.Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro" or the "Company") is pleased to announce the commencement of its expansion diamond drilling program focused on upgrading and expanding higher grade Silver-Tin (Ag-Sn)-Polymetallic mineralization at its Iska Iska Project in Southern Bolivia. Major Drilling Group International Inc. has mobilized and established two diamond drill rigs on site, with a third rig expected to be added within the next couple of months.
The drilling campaign comprises 40,000m of diamond drilling in approximately 75 holes and follows the Company's recent definition drilling program which intersected mineralization over a strike length of approximately 1.4 kilometres. The initial phase will consist of 35 holes totalling 18,250m, followed by a second phase of approximately 40 holes totalling 21,750m.
Tom Larsen, CEO of Eloro, commented: "We are pleased to commence this important expansion drilling program, which represents another significant milestone in advancing the Iska Iska Project. Following the successful resolution of the recent road blockades through agreements reached between the Bolivian government and labour unions, transportation routes have reopened, allowing the uninterrupted delivery of essential supplies, including diesel fuel, enabling us to proceed with our planned exploration activities."
Mr. Larsen added: "With these logistical challenges now behind us, we are focused on aiming to expand and upgrade the Indicated Resource, which we expect will provide further support for the planned PEA."
Figure 1: Major's drill rig commencing expansion drilling on site at the Iska Iska Silver-Tin-Polymetallic deposit.
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Figure 2: Location of the main planned drill holes at Iska Iska compared to the Ag-dominant domain.
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Bolivia Pursuing Economic Reactivation Following Recent Political Disruptions
Bolivia is entering a new phase of economic reactivation, driven by measures aimed at promoting investment, restoring economic growth, and bolstering private sector participation. In recent months, the government has implemented initiatives designed to create a more favorable environment for investment, with a particular focus on sectors such as mining and energy. International financial institutions, including the International Monetary Fund (IMF), Inter-American Development Bank (IDB) and the Development Bank of Latin America and the Caribbean (CAF) have also expressed support for Bolivia's economic stabilization and recovery efforts through programs designed to promote sustainable growth and private investment. Against this backdrop, Bolivia is seeking to foster a more attractive investment climate, creating opportunities for the advancement of new projects and the development of long-term partnerships with domestic and international investors.
Dr. Osvaldo Arce, P.Geo. Executive Vice President, Latin America for Eloro and General Manager of Eloro's Bolivian subsidiary, Minera Tupiza S.R.L, and a Qualified Person ("QP") as defined by National Instrument ("NI") 43-101 has reviewed and approved the technical content of this news release. Dr. Arce who has more than 35 years of mineral exploration and extensive mining expertise across several countries in North and South America manages the overall technical program and supervises all field work conducted at Iska Iska.
Eloro utilized both ALS and AHK for drill core analyses, both of whom are major international accredited laboratories. Drill samples sent to ALS were prepared in both ALS Bolivia Ltda's preparation facility in Oruro, Bolivia and the preparation facility operated by AHK in Tupiza with pulps sent to the main ALS Global laboratory in Lima for analysis. Drill core samples sent to AHK Laboratories are also prepared by AHK in Tupiza with pulps sent to the AHK laboratory in Lima, Peru.
Silver (Ag), zinc (Zn) and lead (Pb) are analyzed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) using a four-acid digestion; Sn is analyzed by X-Ray Fluorescence (XRF) and Au is analyzed by fire assay on 50g pulps with an Atomic Absorption Spectroscopy (AAS) finish. AAS measures absorbed light to quantify elements, while ICP, such as ICP-OES or ICP-MS, measure emitted light or ions to determine elements. XRF uses fluorescent X-rays to excite atoms and to emit X-rays that reveal the presence and concentration of tin. Sample size in ICP typically ranges from 100 mg (0.1 g) to 1 g, for AAS, is usually less than 100 mg (0.1 g) and for XRF is ideally below 75 µm.
Check samples between ALS and AHK are regularly done as a QA/QC check. AHK is following the same analytical protocols used as with ALS and with the same QA/QC protocols except for Sn for which a sodium peroxide fusion is used at AHK following by ICP. Check comparisons of Sn results from ALS and ALS indicate no statistically significant difference between results using the two different analytical techniques.
Eloro employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed at both laboratories with selected check samples sent to a separate accredited laboratory. Check results are regularly monitored.
About Iska Iska
The Iska Iska silver-tin polymetallic project is a road accessible, royalty-free property, located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi in southern Bolivia. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The caldera is 1.6 km by 1.8 km in dimension with a vertical extent of at least 1km. Mineralization age is similar to Cerro Rico de Potosí and other major deposits such as San Vicente, Chorolque, Tasna and Tatasi, all located along the same overall geological trend.
Eloro began underground diamond drilling from the Huayra Kasa underground workings at Iska Iska on September 13, 2020. On January 26, 2021, Eloro announced significant results from the first drilling at the Santa Barbara Breccia Pipe (SBBP) including the discovery hole DHK-15 which returned 29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu and 0.056%Sn over 257.5m, from surface. Subsequent drilling has confirmed the presence of significant values of Ag-Sn polymetallic mineralization in the SBBP and the adjacent Central Breccia Pipe (CBP). A substantive mineralized envelope which is open along strike and down-dip extends around both major breccia pipes. Continuous channel sampling along the walls of the Santa Barbara Adit located to the east of SBBP returned average grades of 164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu over 166m including 446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.19m. The west end of the adit intersects the end of the SBBP.
Since the initial discovery hole Eloro has released a number of significant drill results in the SBBP and the surrounding mineralized envelope which, along with geophysical data, has defined an extensive target zone. On October 17, 2023, Eloro filed the NI 43-101 Technical Report outlining the initial inferred MRE for Iska Iska, prepared by independent consultants Micon International Limited. The MRE was reported in two domains, the Polymetallic (Ag-Zn-Pb) Domain which is primarily in the east and south of the Santa Barbara deposit and the Tin (Sn-Ag-Pb) Domain which is primarily in the west and north.
Metallurgical tests reported on January 23, 2024, from a 6.3 tonne PQ drill core bulk sample representative of the higher grade Polymetallic (Ag-Zn-Pb) Domain returned a significantly higher average silver value of 91 g Ag/t compared to the weighted average grade of the original twinned holes at 31 g Ag/t strongly suggesting that the average silver grade was likely significantly underreported in the original twinned holes due to the much smaller sample size.
The Company reported on July 30, 2024, that updated modelling of the potential starter pit area at Santa Barbara zone highlights the importance of completing additional drilling to better define the grade and extent of the mineral resource in this area. Areas with higher-grade resource typically have much better drilling density but holes outside the core potential pit area are too widely spaced to give an accurate estimate of grade.
On September 4, 2024, the Company announced the restart of definition drilling in the potential starter pit area at Santa Barbara. It was highly focused on infill and step-out drill program in order to better define the full vertical and lateral extent of high-grade Sn and Ag mineralization, expanding higher-grade Sn mineralization to the west and the silver to the central and west parts. Also, to fill-in gaps that were formerly categorized as low-grade or internal waste in the mineral resource model and to drill in a closer-spacing 50m x 50m grid. Previous drilling has shown that areas with high-grade mineralization typically have much better drilling density, whereas holes outside the core area are too widely spaced to give an accurate grade estimate. This increased drilling density is particularly important for defining the extent of the high-grade Ag-bearing and Sn-bearing structures, and for categorizing the mineral resources from inferred to indicated, which have a major influence on overall grade and resources that will contribute to the PEA.
Since September 4, 2024, the Company has completed 27 drill holes totalling 14,085.80 metres of definition drilling in 2 distinct phases of diamond drilling in the potential starter pit area of the Santa Barbara Zone. This drilling has continued to intersect strong, broad zones and high-grade mineralization with good continuity in both the predominant Sn-Ag domain to the west (15 drill holes) and in the predominant Ag-Zn-Polymetallic domain to the east (12 drill holes). Both zones remain open along and across strike as well as downdip.
The intercepts of 151.47 g Ag/t over 135m found in hole DSB-75; 66.90g Ag/t over 289.13m in hole DSB-68; 126.10g Ag/t over 122.03m, 127.49g Ag/t over 41.25m and 49.71g Ag/t over 142.50m found in hole DSB-69; and 45.71g Ag/t over 81.00m and 30.08g Ag/t over 255.75m found in hole DSB-70 confirm the presence of continued silver pockets grading over 50 g Ag/t. Moreover, tin enriched pockets such as 1.39% Sn over 33m, 0.74% Sn over 87m found in hole DSB-72 and 0.55% Sn over 49.5m, 0.34% Sn over 91.5m, 0.31% Sn over 103.5m in hole DSB-74 demonstrate the existence of consistent high grade tin pockets at the Santa Barbara zone. And finally, the presence of intercepts such as 1.41% Zn over 151.50m in hole DSB-91, 1.77% Zn over 238.50m and 1.72% Zn over 456m found in hole DSB-88 reveal continuous Zn (and Pb) ore shoots in the property. These results have further expanded, at least 200m laterally, the higher-grade tin and silver and polymetallic (Ag-Sn-Zn-Pb) mineralization and the footprint of this large multi-phase hydrothermal system at Iska Iska.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro's website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.
For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.
Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304212
Source: Eloro Resources Ltd.
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A fifth drill is being mobilized to the Shovelnose property where a 15,000m exploration drill program is expected to start mid-month, continuing through to mid-DecemberProspecting, mapping and soil surveys underway on the Prospect Valley and Shovelnose properties35,000m resource infill drilling program is over 50% complete – results continue to confirm continuity of gold and silver mineralization within the South Zone deposit including 9.8m grading 8.3 g/t Au and 11 g/t Ag
VANCOUVER, British Columbia, July 07, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (FRA: 1W5) (“Westhaven” or the “Company”) is pleased to report the start of exploration at its Spences Bridge Gold Belt properties in southern British Columbia, including prospecting, geological mapping and soil sampling surveys on priority target areas at the Prospect Valley and Shovelnose properties, as well as mobilization of a fifth drill rig to the Shovelnose property in preparation for a 15,000m exploration drilling program expected to commence mid-month and continue through mid-December. With the start of exploration, the 2026 program is now combining potential resource growth through drilling and district scale exploration with project derisking through resource infill drilling and advancement of Pre-Feasibility studies (“PFS”). The ongoing 35,000m resource infill drilling program continues to confirm the continuity of mineralization within the South Zone deposit, including intersections of 9.8m grading 8.3 g/t Au and 11 g/t Ag (SNR26-83) and 11.46m grading 4.59 g/t Au and 43 g/t Ag (SNR26-92). This work is being funded under a strategic earn-in agreement with Dundee Corporation (“Dundee”), whereby Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program and PFS work at Shovelnose.
Ken Armstrong, President and CEO of Westhaven, commented:
“With resource infill drilling over 50% complete and PFS-related studies well underway at Shovelnose, we are pleased to have also started field exploration work at both the Shovelnose and Prospect Valley gold properties. Exploration is perhaps the most important component of our 2026 field programs with prospecting, mapping and soil sampling planned as well as 15,000m of exploration drilling focused on discovery of new gold-bearing epithermal mineralization at Shovelnose. The addition of a fifth drill will allow exploration drilling to start without impacting ongoing infill and technical drilling of the South Zone deposit. Three drills are currently focused on resource infill drilling, whereas the fourth drill completed a three hole (1,200m) hydrogeological program in early June, and is currently completing a four hole (1,260m) geotechnical drill program. Exploration drilling will initially focus on testing targets located proximal to the NW-trending structure hosting mineralization associated with the South Zone, FMN and Franz gold deposits.”
Spences Bridge Gold Belt 2026 Exploration Programs
In addition to the ongoing PFS studies, targeted exploration work has commenced on both the Shovelnose gold property and the Prospect Valley gold property, located 30km to the northwest of Shovelnose.
Prospecting, mapping and more detailed sampling are underway at priority targets located throughout the Shovelnose property, ahead of potential drill testing later this season. This field work follows on the successful completion of airborne magnetic and radiometric surveys (spring 2026) over the property’s expanded landholdings (acquired in 2024). The geophysical surveys were intended to support reconnaissance scale sampling undertaken by Westhaven in 2025 which identified spatially restricted areas with geological and geochemical similarities to known high grade gold-silver deposits elsewhere on the property. One area of particular focus is located approximately 15km southeast of the South Zone deposit, where silicified and clay altered volcanic rocks were identified in 2025 with float, subcrop and outcrop rock grab samples returning from background levels up to 2.45 g/t Au (96.2 g/t Ag). Please see Westhaven’s news release dated January 26, 2026.
Field work has also started at the Prospect Valley property, which hosts low sulphidation epithermal systems associated with the Discovery North, Discovery South, Dog Leg, NEZ and NIC occurrences, identified by previous, locally focussed, drill programs. During 2024 and 2025 Westhaven collected 389 rock samples and 121 stream sediment samples from underexplored areas of the 10,927-ha property, returning from background levels up to 2.76 g/t Au in rock samples and 1,795 ppb Au from a stream silt. Westhaven’s sampling also reconfirmed the presence of anomalous unsourced quartz breccia float samples from the Bonanza Valley area in the southwest corner of the property. Historic gold values returned from numerous float clasts in this area are higher than any encountered in drilling elsewhere on the Property (up to 43.34 g/t Au), and the bedrock source has yet to be located. Maximum gold values in new quartz float samples collected by Westhaven are up to 3.20 g/t Au.
Initial work completed so far in 2026 includes collection of over 75 soil samples from the Bonanza Valley area to better constrain possible source locations of these compelling float samples. Recent logging activities have also opened up new roads and areas of bedrock exposure that will be evaluated this field season.
South Zone Mineral Resource Infill Drilling
Assay results from the ongoing 35,000m resource infill drilling program at the South Zone deposit continue to show excellent continuity of mineralization in each of Vein Zones 1, 2 and 3. Results have been received from an additional 15 infill drill holes (Table 1), mainly testing narrower Vein Zone 2 and Vein Zone 3 mineralization in the northern part of the deposit. The resource drilling program has been designed to infill the deposit at nominal 25m centres with results to be included in an updated mineral resource estimate to support a PFS targeting completion in H2 2027. To date, 61 drill holes (18,925m) have been completed representing approximately 54% of the planned program metreage.
Selected assay highlights include:
SNR26-79:4.28m grading 10.26 g/t Au & 57 g/t Ag from 115.50m downhole SNR26-83:6.81m grading 7.72 g/t Au & 32 g/t Ag from 149.41m downhole; and 9.85m grading 8.30 g/t & 11 g/t Ag from 301.65m downhole SNR26-87:8.22m grading 4.77 g/t Au & 61 g/t Ag from 115.78m downhole SNR26-88:7.04m grading 2.92 g/t Au & 141 g/t Ag from 125.00m downhole SNR26-92:11.46m grading 4.59 g/t Au & 43 g/t Ag from 160.54m downhole; and 4.86m grading 9.95 g/t Au & 86 g/t Ag from 305.15m downhole SNR26-95:6.98m grading 6.48 g/t Au & 37 g/t Ag from 262.02m downhole Assay intervals noted above represent downhole intersections, not true widths. True widths can be estimated at approximately 70-80% of the reported intervals. Table 1 shows assay results, including drill hole locations and orientations, and is also linked here.
Figure 1 shows the locations of the drill holes reported in this news release, as well as the other holes completed in 2026, the planned 2026 drill collar locations and the drill collars of pre-2026 drilling of the South Zone.
Figures 2 and 3 present South Zone cross-sections highlighting several high-grade drill intercepts. The sections are viewed to the northwest (310°) and illustrate strong continuity of mineralization hosted within structurally controlled quartz veins and hydrothermal breccia zones.
Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)
Most core samples consist of halved drill core cut by manual sawing using industry standard core saws. In rare cases, and where required by physical core conditions, manual splitting may be used. Half of the core is retained in the original core box for reference samples and any required future work, including QA/QC. Core samples, controlled by a unique bar-coded reference number, are delivered to ALS’s Kamloops facility and prepared using the PREP-31 package. Each core sample is crushed to better than 70% passing a 2mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen.
Further analytical and assay procedures are conducted in ALS’s North Vancouver facility. A 0.75g subsample of the pulverized split is subjected to four acid digestion and analyzed via ICP-MS (method code ME-MS61m (+Hg)) which reports a suite of 49 elements.
All samples are also analyzed for gold by fire assay with an AES finish, method code Au-ICP21 (30g sample size) or Au-ICP22 (50g sample size). Samples returning gold values over 10ppm are subjected to over-limit check assays using fire assay and a gravimetric finish (method code Au-GRA21 and a 30g sample size, or Au-GRAV22 and a 50g sample size). The switch to 50g aliquots applies to 2026 resource infill drill holes starting at, and including, SNR26-98. Other over-limit elements may also be subjected to ore grade analyses which vary depending on the element of interest.
ALS’s facilities are accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria.
QA/QC incorporates the laboratory’s internal quality assurance controls as well as Westhaven’s field controls, including the insertion of quarter core duplicates, certified reference materials and blanks, each at a rate of roughly one per 20-25 core samples.
Additional blanks are inserted following samples with visible gold or significant concentrations of ginguro (fine grained bands of dark gray to black sulphides).
QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, standards and blanks fall outside allowed tolerances.
Westhaven’s ongoing QA/QC programs are consistent with industry best practices and include auditing of all exploration data. Any significant changes will be reported when available.
Figure 1 – Plan View Map July 2026
Figure 2 – South Zone Cross Section A-A’
Figure 3 – South Zone Cross Section B-B’
Reported intervals are at least 2m in length with a 1 g/t Au cut-off for individual samples and no more than 3m contiguous metres dilution.
*Reported interval is less than 2.00m.
Table 1 – Assay Highlights
ABOUT WESTHAVEN GOLD CORP.
Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four properties spread along this underexplored belt.
The Shovelnose gold and silver project is the most advanced property, with a 2025 updated Preliminary Economic Assessment that validates the project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).1
On February 23, 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, whereby Dundee may earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program and pre-feasibility work at Shovelnose. The agreement allows for the accelerated exploration and evaluation of one of Canada's most compelling, undeveloped, high-margin gold and silver assets.
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Robin Hopkins, P.Geol. (NT/NU), Vice President, Exploration for Westhaven and a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
1 See Westhaven's news release entitled "Westhaven Announces Updated Preliminary Economic Assessment for the Shovelnose Gold Project, British Columbia" and dated March 3, 2025.
ON BEHALF OF THE BOARD OF DIRECTORS OF WESTHAVEN GOLD CORP.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities legislation. These forward-looking statements are made as of the date of this news release and Westhaven does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.
Forward-looking statements in this news release may include, but are not limited to, statements with respect to completing approximately 50,000m of drilling during the year; completing an updated South Zone mineral resource estimate and the planned Pre-Feasibility Study; the results of the updated Preliminary Economic Assessment; future planned activities; future mineral production and future growth potential for the Company and its projects; the interpretation of preliminary results from exploration undertaken to date at the Shovelnose project using various exploration techniques and analysis; statements with respect to potential styles of epithermal mineralization at the Shovelnose Project; and, the possibility that the Company’s Shovelnose project may host multiple gold bearing epithermal systems.
In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.
Assumptions have been made regarding, among other things, the price of gold and other precious metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
Although management of Westhaven Gold Corp. have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information.
Such factors include, without limitation: the Company's dependence on one group of mineral projects; precious metals price volatility; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; and the factors identified under the caption “Risk Factors” in the Company’s management discussion and analysis.
Mineral exploration involves a high degree of risk and few properties, which are explored, are ultimately developed into producing mines. There can be no assurance that such forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
Maps accompanying this announcement are available at:
In the latest close session, Southern Co. (SO - Free Report) was down 2.03% at $95.99. The stock's performance was behind the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Prior to today's trading, shares of the power company had gained 5.81% outpaced the Utilities sector's gain of 3.93% and the S&P 500's loss of 0.9%.
The upcoming earnings release of Southern Co. will be of great interest to investors. The company's earnings report is expected on July 30, 2026. The company's upcoming EPS is projected at $1.03, signifying a 13.19% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.39 billion, showing a 5.94% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.58 per share and revenue of $31.35 billion, which would represent changes of +6.51% and +6.08%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Southern Co. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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Valuation is also important, so investors should note that Southern Co. has a Forward P/E ratio of 21.41 right now. Its industry sports an average Forward P/E of 18.72, so one might conclude that Southern Co. is trading at a premium comparatively.
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Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 6, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from six drill holes targeting the upper portion of the Golden Dyke prospect at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figures 1 to 5). All holes were drilled within the highest-density drilled zone of the project, directly above the planned exploration decline base.
Results confirm that antimony-rich areas in the upper parts of The Sunday Creek epizonal system, consistent with the well-established geological zonation of epizonal gold-antimony deposits worldwide. Best results included 7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m in drill hole SDDSC233. The true thickness of the mineralized intervals is interpreted to be approximately 75% to 85% of the sampled thickness for all reported holes.
Four High Level Takeaways:
Continued High-Grade Growth in Upper Golden Dyke: Best result 7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m in SDDSC233, including 3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m, with three individual assays exceeding 50 g/t Au and seven individual Sb assays exceeding 20% Sb across the six holes reported.
System Continues to Grow: Four new vein sets identified across three holes, with SDDSC224 extending the GD35 vein set 170 m up-dip from SDDSC208, and SDDSC228 intersecting eight vein sets including two previously unrecognised structures outside the current model.
Infill Drilling Confirms a Predictable System: All drillholes in this release were drilled as infill holes between existing intercepts and delivered multiple high-grade zones exactly where expected. This consistency gives confidence that Golden Dyke's grade and continuity will support future mining studies.
Epizonal Geology Delivers Antimony Where It Matters Most: In epizonal gold-antimony systems, antimony concentrates in the upper, shallower portions of the system, transitioning to gold-dominant mineralization at depth. Upper Golden Dyke is the highest-density drilled area of the project and sits directly below the base of the planned exploration decline, meaning the Company is targeting a zone of peak antimony endowment with the greatest drill confidence on the project. Individual antimony assays in this release reach up to 47.0% Sb & 20.1 g/t Au over 0.13 m (SDDSC233) and 46.6% Sb & 1.3 g/t Au over 0.13 m (SDDSC228), with 108 composite intersections exceeding 10% Sb across the project, demonstrating a critical mineral endowment directly relevant to Western defence and semiconductor supply chains.
Michael Hudson, President & CEO states: "What these results tell us is the antimony story at Sunday Creek is strong and is strategically significant, alongside the gold story. In epizonal systems like ours, antimony concentrates in the upper parts of the mineralized system, and by definition near to surface, and that is exactly what we are seeing in the highest-density drilled zone of the project, directly below the current planned base of our exploration decline.
"We have drilled this part of Golden Dyke more than anywhere else on the project, and every time we put a hole in, the antimony numbers confirm what the geology predicts. Individual assays up to 47% Sb are not an anomaly, they are a feature of this system. SDDSC233 returned our best result from this release at 7.9 m @ 19.9 g/t AuEq, with antimony grades up to 47% Sb in the same hole. The critical mineral potential of this project is real, it is shallow, and it sits directly in the path of our decline. Sunday Creek is shaping up as a project where the antimony alone would attract serious attention, quite apart from the gold which forms 80% of the in situ recoverable value. With eleven rigs turning and 69 holes pending, there is a great deal more to come."
For Those Who Like the Details - Highlights:
SDDSC233 - intersected five vein sets including one new vein set, with five individual Sb assays exceeding 20% Sb and one exceeding 50 g/t Au.
1.1 m @ 10.9 g/t AuEq (7.9 g/t Au, 1.3% Sb) from 248.6 m (GD100 and HG core), including:
0.15 m @ 78.3 g/t AuEq (55.8 g/t Au, 9.4% Sb)
7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m (GD60 vein set), including:
3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m
Individual assays included 55.8 g/t Au & 9.4% Sb, 47.0% Sb & 20.1 g/t Au, 43.5 g/t Au & 0.7% Sb, 40.6 g/t Au & 2.0% Sb.
SDDSC228 - intersected eight vein sets, two previously unrecognised, with two individual Sb assays exceeding 20% Sb and one exceeding 50 g/t Au.
0.4 m @ 86.2 g/t AuEq (2.7 g/t Au, 34.9% Sb) from 246.8 m (GD110 vein set)
8.3 m @ 11.4 g/t AuEq (5.2 g/t Au, 2.6% Sb) from 361.8 m (GD70 vein set), including:
3.0 m @ 28.7 g/t AuEq (12.2 g/t Au, 6.9% Sb) from 364.7 m
Individual assays included 127.0 g/t Au & 5.5% Sb, 48.6 g/t Au & 1.6% Sb, 46.6% Sb & 1.3 g/t Au, 28.6% Sb & 3.5 g/t Au.
For Those Who Like the Details – Highlights - Continued:
SDDSC224 - intersected three vein sets plus one high-grade core, extending GD35 170 m up-dip from SDDSC208, with one individual Au assay exceeding 50 g/t.
7.0 m @ 8.1 g/t AuEq (5.7 g/t Au, 1.0% Sb) from 381.0 m (GD45 vein set and HG core), including:
1.7 m @ 25.2 g/t AuEq (20.0 g/t Au, 2.2% Sb) from 385.3 m
4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m (GD35 vein set, 170 m up-dip extension)
Individual assays included 59.6 g/t Au & 0.1% Sb.
SDDSC219 - intersected three known vein sets and intersected one new vein set at 15 m to 30 m up- and down-dip spacing, confirming structural and grade continuity.
4.8 m @ 1.9 g/t AuEq (1.6 g/t Au, 0.1% Sb) from 316.2 m (new vein set)
2.7 m @ 6.1 g/t AuEq (0.6 g/t Au, 2.3% Sb) from 368.0 m (GD80 vein set), including:
Project Totals to Date
268 drill holes for 129.6 km reported from Sunday Creek since late 2020
88 composite intersections exceeding 100 g/t Au by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut
108 composite intersections exceeding 10% Sb by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut
69 holes pending results currently being processed and analysed, including eleven holes actively being drilled and three abandoned holes, with eleven drill rigs currently operational on the project
200,000 m drill program continuing through to Q1 2027
Drill Hole Discussion
Six drill holes are reported here targeting the top 300 vertical metres of the Golden Dyke prospect, drilled in an east-to-west orientation to optimize high intersection angles across the steeply dipping vein architecture. These holes were designed to infill known mineralization to the highest level on the project to date, as well as expand on exploration opportunities in the shallow areas of Golden Dyke.
Three (3) individual assays exceeding 50 g/t gold and seven (7) individual Sb assays greater than 20% antimony were intersected amongst the six holes reported showing the continued high-grade growth in upper Golden Dyke as the exploration continues to infill and expand the known boundaries of the mineralization.
SDDSC216 & SDDSC216A
SDDSC216 was abandoned due to extensive deviation at start of hole, a second hole SDDSC216A was drilled completing a northern bounding hole on the upper Golden Dyke area with no significant intersections reported confirming the geological model in this area.
SDDSC219
SDDSC219 intersected three known vein sets and one new vein set in Golden Dyke at a 15 m to 30 m up- and downdip spacing, confirming both structural and grade continuity.
Selected composite highlights include:
4.8 m @ 1.9 g/t AuEq (1.6 g/t Au, 0.1% Sb) from 316.2 m (New vein set)2.4 m @ 4.1 g/t AuEq (1.2 g/t Au, 1.2% Sb) from 324.2 m (GD90 vein set)2.7 m @ 6.1 g/t AuEq (0.6 g/t Au, 2.3% Sb) from 368.0 m (GD80 vein set)Including 1.6 m @ 8.9 g/t AuEq (0.6 g/t Au, 3.5% Sb) from 368.5 mSDDSC224
SDDSC224 infilled three vein sets and identified one new high-grade core that returned an individual assay exceeding 50 g/t Au:
59.6 g/t Au & 0.10% Sb over 0.54 m from 386.45 mThe hole successfully extended GD35 vein set returning 4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m a 170 m up dip extension of SDDSC208 (1.9 m @ 37.2 g/t AuEq (35.9 g/t Au, 0.5% Sb) from 565.7 m. Released February 18th, 2026).
Selected composite highlights include:
3.2 m @ 2.8 g/t AuEq (1.5 g/t Au, 0.5% Sb) from 207.3 m (GD110 vein set)7.0 m @ 8.1 g/t AuEq (5.7 g/t Au, 1.0% Sb) from 381.0 m (GD45 vein set and HG core)Including 1.7 m @ 25.2 g/t AuEq (20.0 g/t Au, 2.2% Sb) from 385.3 m4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m (GD35 vein set)SDDSC228
SDDSC228 infilled 8 vein sets, of which 2 were previously not recognised or modelled with one individual assay exceeding 50 g/t Au:
127.0 g/t Au & 5.53% Sb over 0.15 m from 264.91 mTwo individual assays exceeded 20% antimony, highlighting the high antimony presence in the shallow part of the system, including:
46.60% Sb & 1.3 g/t Au over 0.13 m from 246.84 m28.60% Sb & 3.5 g/t Au over 0.24 m from 246.97 mSelected composite highlights include:
0.4 m @ 86.2 g/t AuEq (2.7 g/t Au, 34.9% Sb) from 246.8 m (GD110 vein set)4.7 m @ 3.9 g/t AuEq (2.9 g/t Au, 0.4% Sb) from 259.6 m (GD100 vein set)Including 0.3 m @ 34.0 g/t AuEq (31.7 g/t Au, 1.0% Sb) from 264.0 m3.0 m @ 7.8 g/t AuEq (6.7 g/t Au, 0.4% Sb) from 264.6 m (GD100 vein set)Including 0.5 m @ 45.9 g/t AuEq (41.5 g/t Au, 1.8% Sb) from 264.6 m8.1 m @ 4.2 g/t AuEq (2.1 g/t Au, 0.9% Sb) from 328.3 m (GD85 vein set)Including 2.5 m @ 8.0 g/t AuEq (3.8 g/t Au, 1.8% Sb) from 329.8 m0.2 m @ 52.5 g/t AuEq (48.6 g/t Au, 1.6% Sb) from 346.5 m (New vein set)3.4 m @ 4.1 g/t AuEq (3.2 g/t Au, 0.4% Sb) from 350.6 m (GD80 vein set)Including 0.9 m @ 12.3 g/t AuEq (10.0 g/t Au, 1.0% Sb) from 351.1 m1.3 m @ 7.9 g/t AuEq (4.7 g/t Au, 1.3% Sb) from 357.6 m (New vein set)8.3 m @ 11.4 g/t AuEq (5.2 g/t Au, 2.6% Sb) from 361.8 m (GD70 vein set)Including 3.0 m @ 28.7 g/t AuEq (12.2 g/t Au, 6.9% Sb) from 364.7 mSDDSC233
SDDSC233 intersected 5 vein sets, one HG core, of which one vein set was previously not recognised or modelled.
One individual assay exceeded 50 g/t Au:
55.8 g/t Au & 9.40% Sb over 0.15 m from 248.55 mFive individual assays exceeded 20% antimony, highlighting the high antimony presence in the shallow part of the system, including:
27.40% Sb & 9.1 g/t Au over 0.28 m from 369.20 m47.00% Sb & 20.1 g/t Au over 0.13 m from 369.64 m36.30% Sb & 3.4 g/t Au over 0.32 m from 369.77 m22.40% Sb & 0.9 g/t Au over 0.11 m from 370.52 m41.20% Sb & 1.7 g/t Au over 0.15 m from 370.85 mSelected composite highlights include:
1.1 m @ 10.9 g/t AuEq (7.9 g/t Au, 1.3% Sb) from 248.6 m (GD100 and HG core)Including 0.15 m @ 78.3 g/t AuEq (55.8 g/t Au, 9.4% Sb) from 248.6 m0.2 m @ 45.2 g/t AuEq (43.5 g/t Au, 0.7% Sb) from 256.6 m (New vein set)0.9 m @ 9.2 g/t AuEq (7.1 g/t Au, 0.9% Sb) from 353.0 m (GD65 vein set)7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m (GD60 vein set)Including 2.6 m @ 6.5 g/t AuEq (2.6 g/t Au, 1.6% Sb) from 363.1 mIncluding 3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m0.3 m @ 45.3 g/t AuEq (40.6 g/t Au, 2.0% Sb) from 378.9 m (GD50 vein set)Pending Results and Update
Eleven drill rigs are currently operational on the Sunday Creek project. Results are pending from 69 holes currently being processed and analyzed including eleven holes that are actively being drilled and three abandoned holes (Figure 2). The Company continues its ongoing 200,000 m drill program through to Q1 2027.
About Sunday Creek
The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 16,900 hectares ("Ha") of granted exploration tenements. SXGC is also the freehold landholder of 1,392 Ha that forms the key portion in and around the main drilled area at the Sunday Creek Project.
Gold and antimony form in a relay of vein sets that cut across a steeply dipping zone of intensely altered rocks (the "host"). These vein sets are like a "Golden Ladder" structure where the main host extends between the side rails deep into the earth, with multiple cross-cutting vein sets that host the gold forming the rungs. At Apollo, Golden Dyke and Rising Sun these individual 'rungs' have been defined over 600 m depth extent from surface to over 1,200 m below surface, are 2.5 m to 3.5 m wide (median widths) (and up to 10 m), and 20 m to 100 m in strike.
Cumulatively, 268 drill holes for 128,843.28 m have been reported from Sunday Creek since late 2020. This amount includes five holes for 929 m that have been drilled for geotechnical purposes and 22 holes for 2,972.92m that were abandoned due to deviation or hole conditions. Fourteen drill holes for 2,383 m have additionally been reported regionally outside of the main Sunday Creek drill area with fifteen additional regional holes currently being processed. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s to 2008. The project now contains a total of eighty-eight (88) composite intersections exceeding 100 g/t Au and seventy-eight (78) composite intersections between 50 g/t and 100 g/t Au, and one-hundred and eight (108) composite intersections exceeding 10% Sb by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut.
Southern Cross Gold's systematic drill program is strategically targeting these significant vein formations, which are currently drill defined over 1,550 m strike of the host dyke/sediment ("rails of the ladder") from Christina to Apollo prospects, of which approximately 650 m has been more intensively drill tested (Golden Dyke to Apollo). At least 122 'rungs' have been defined to date, defined by high-grade intercepts (20 g/t Au to >7,330 g/t Au) along with lower grade edges. Ongoing step-out drilling is aiming to uncover the potential extent of this mineralized system (Figure 2).
Geologically, the project is located within the Melbourne Structural Zone in the Lachlan Fold Belt. The regional host to the Sunday Creek mineralization is an interbedded turbidite sequence of siltstones and minor sandstones metamorphosed to sub-greenschist facies and folded into a set of open north-west trending folds.
Further Information
Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available on the SXGC website. These data, along with an interview on these results with President & CEO/Managing Director Michael Hudson can be viewed at www.southerncrossgold.com.
No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However, during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Company notes that due to rounding of assay results to one significant figure, minor variations in calculated composite grades may occur.
Figures 1 to 5 show project location, plan and longitudinal views of drill results reported here and Tables 1 to 3 provide collar and assay data. The true thickness of the mineralized intervals reported individually as estimated true widths ("ETW"), otherwise they are interpreted to be approximately 75% to 85% of the sampled thickness for other reported holes. Lower grades were cut at 1.0 g/t AuEq lower cutoff over a maximum width of 2 m with higher grades cut at 5.0 g/t AuEq lower cutoff over a maximum of 1 m width.
Critical Metal Epizonal Gold-Antimony Deposits
Sunday Creek (Figure 5) is an epizonal gold-antimony deposit formed in the late Devonian (like Fosterville, Costerfield and Redcastle), 60 million years later than mesozonal gold systems formed in Victoria (for example Ballarat and Bendigo). Epizonal deposits are a form of orogenic gold deposit classified according to their depth of formation: epizonal (<6 km), mesozonal (6 km to 12 km) and hypozonal (>12 km).
Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday Creek is no exception. China, Russia and Tajikistan together account for over 90% of global antimony mine production, with China alone supplying roughly half. China's dominance is greater still in processing, controlling an estimated 80% of global antimony refining capacity. Antimony features highly on the critical minerals lists of many countries including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria, located nearby to all SXGC projects. Antimony alloys with lead and tin which results in improved properties for solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen-containing flame retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high-tech industry, especially the semi-conductor and defence sectors where it is a critical additive to primers in munitions.
Antimony represents approximately 21% to 24% in situ recoverable value of Sunday Creek at an AuEq of 2.39 ratio.
Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF), is defining a leading gold-antimony project at the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 88 composite intersections exceeding 100 g/t Au from 128.8 km of drilling at Sunday Creek. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with structures tested from surface to 1,200 m depth.
Sunday Creek's strategic value is enhanced by its dual-metal profile. The Company has a critical mineral the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier.
Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation.
With a strong cash position, 1,392 Ha of strategic freehold land ownership, and a large 200 km drill program planned through Q1 2027, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction, delivering milestone by milestone.
- Ends -
For ASX Compliance: This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.
NI 43-101 Technical Background and Qualified Person
Kenneth Bush, Head of Exploration for SXGC, a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315), is the Qualified Person as defined by the NI 43-101. They have prepared, reviewed, verified and approved the technical contents of this release.
Analytical samples are transported to the Bendigo facility of On Site Laboratory Services ("On Site") which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (PE01S method; 25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required) use aqua regia digestion and ICP-MS analysis. The QA/QC program of Southern Cross Gold consists of the systematic insertion of certified standards of known gold content, blanks within interpreted mineralized rock and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process.
SXGC considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") have reasonable potential to be recovered and sold at Sunday Creek, given current geochemical understanding, historic production statistics and geologically analogous mining operations. Historically, ore from Sunday Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project, for processing during WW1. The Costerfield mine corridor, now owned by Alkane Resources (previously Mandalay Resources) contains two million ounces of equivalent gold (Mandalay Resources Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony.
SXGC considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its 2024 End of Year Mineral Reserves and Resources Press Release, dated February 20, 2025. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2024 production costs, using a gold price of US$2,500 per ounce, an antimony price of US$19,000 per tonne and 2024 total year metal recoveries of 91% for gold and 92% for antimony, and is as follows:
AuEq = Au (g/t) + 2.39 Sb (%)
Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment of Sunday Creek mineralization at Costerfield, SXGC considers that a AuEq = Au (g/t) + 2.39 Sb (%) is appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.
JORC Competent Person Statement
Information in this announcement that relates to new exploration results contained in this report is based on information compiled by Mr Kenneth Bush a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315). Mr Bush has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Head of Exploration of Southern Cross Gold Consolidated Limited and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Certain information in this announcement that relates to prior exploration results is extracted from the Independent Geologist's Report dated 11 December 2024 which was issued with the consent of the Competent Person, Mr Steven Tambanis. The report is included in the Company's prospectus dated 11 December 2024 and is available at www.asx.com.au under code "SX2". The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the original market announcement. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the original market announcement.
Certain information in this announcement also relates to prior drill hole exploration results, extracted from the following announcements, which are available to view on www.southerncrossgold.com:
4 October, 2022 SDDSC046, 20 October, 2022 SDDSC049, 5 September, 2023 SDDSC077B, 12 October, 2023 SDDLV003 & 4, 23 October, 2023 SDDSC082, 9 November, 2023 SDDSC091, 14 December, 2023 SDDSC092, 5 March, 2024 SDDSC107, 30 May, 2024 SDDSC117, 13 June, 2024 SDDSC118, 5 September, 2024 SDDSC130, 28 October, 2024 SDDSC137W2, 28 November, 2024 SDDSC141, 9 December, 2024 SDDSC145, 18 December, 2024 SDDSC129 & 144, 28 May, 2025 SDDSC161, 16 June, 2025 SDDSC162, 26 August, 2025 SDDSC171, 8 September, 2025 SDDSC170A, The Company confirms that it is not aware of any new information or data that materially affects the information included in the original document/announcement and the Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian (under code SX2) securities regulatory authorities. You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
Figure 1: Sunday Creek plan view showing selected results from holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (dark blue highlighted box, black trace), with selected prior reported drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/304023_2b8515e804066ba4_004full.jpg
Figure 2: Sunday Creek plan view showing selected drill hole traces from holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (black trace), with prior reported drill holes (grey trace) and currently drilling and assays pending hole traces (dark blue).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/304023_2b8515e804066ba4_005full.jpg
Figure 3: Sunday Creek longitudinal section across A-B in the plane of the dyke breccia/altered sediment host looking towards the NW (striking 56 degrees) indicating mineralized vein sets. Showing holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (dark blue highlighted box, black trace), with selected intersections and prior reported drill holes. The vertical extents of the vein sets are limited by proximity to drill hole pierce points.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/304023_2b8515e804066ba4_006full.jpg
Figure 4: Sunday Creek regional plan view showing soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas tested by 12 holes for 2,383 m drill program. The regional drill areas are at Tonstal, Consols and Leviathan located 4,000 m to 7,500 m along strike from the main drill area at Golden Dyke- Apollo. Map in GDA94/ MGA Zone 55.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/304023_2b8515e804066ba4_007full.jpg
Figure 5: Location of the Sunday Creek project, along with the 100% owned Redcastle Gold-Antimony Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11541/304023_2b8515e804066ba4_008full.jpg
Table 1: Drill collar summary table for recent drill holes in progress.
This Release Hole IDDepth (m)ProspectEast
GDA94 Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94
Z55SDDSC216131.2Golden Dyke3307015867880.5299.42-46.3252.5SDDSC216A572.36Golden Dyke330701.25867880.5299.6-46.1250.6SDDSC219392.2Golden Dyke330701.55867880.3299.6-49.2247.8SDDSC224496.9Golden Dyke330700.65867879.9299.62-36.8246.6SDDSC228447.8Golden Dyke330700.95867880.2299.48-47.1245.2SDDSC233445.94Golden Dyke330700.85867880.1299.55-40.7245Currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94
Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94
Z55SDDSC201321.4Rising Sun330948.35868003.4313.3-28.9231.3SDDSC2051211.4Rising Sun330339.85867858.5276.8-64.675.8SDDSC207584.25Christina330094.85867459.3278.3-48.820.7SDDSC213941.44Golden Dyke330094.25867458.6278.3-62.614.6SDDSC215476.39Regional331603.65867183.7304.9-38.215.4SDDSC218796.99Golden Dyke330813.65867847.5301.1-47.6265.5SDDSC220716.7Christina329779.15867552.6286.59-26.570.5SDDSC221926.54Golden Dyke330754.15867733307-50.6285.3SDDSC222792.29Apollo331596.15867936.9345.43-51.5267.7SDDSC222W11065.5Apollo331596.15867936.9345.43-51.5267.7SDDSC223435.25Apollo East3314835867839.8335.72-33.9262.2SDDSC225992.82Christina330754.55867733306.93-52.9284.8SDDSC226826.1Rising Sun331276.95867121.1289.09-56.4336.5SDDSC226AIn Progress plan 1900 mRising Sun331278.15867112.6289.16-56.8330.4SDDSC226W1603.9Rising Sun331276.95867121.1289.09-56.4336.5SDDSC227412Apollo East331483.85867840.3335.83-36.6266.5SDDSC229541.8Golden Dyke330813.65867847.5301.1-48.5266.9SDDSC2301129.3Rising Sun330353.95867861.1277.2-65.177SDDSC230W1861.8Rising Sun330353.95867861.1277.2-65.177SDDSC2311196.4Rising Sun330339.65867858.6277-70.371.1SDDSC232516.5Christina329777.65867552.2286.76-34.165.7SDDSC234449Apollo East331484.55867840.3335.75-46.1266.1SDDSC2351500Christina329776.65867552286.8-44.763.2SDDSC236650.1Golden Dyke330813.65867847.5301.1-49.4263.6SDDSC237359Golden Dyke330700.45867880.1299.67-43.2245.7SDDSC237W1510.47Golden Dyke330700.45867880.1299.67-43.2299.7SDDSC238In Progress plan 750 mChristina329780.95867551.9286.5-3269.2SDDSC239915.63Golden Dyke330753.15867731.5306.9-31270.2SDDSC240In Progress plan 1250 mRising Sun330354.15867861.2277.24-58.773.9SDDSC241418.6Golden Dyke330700.95867879.7299.8-39.1243.5SDDSC242A370.8Golden Dyke3308145867848301-45.7255.1SDDSC242AW1601.7Golden Dyke3308145867848301-47.6268.2SDDSC2431037.9Apollo331615.85867951.1346.99-59.5269SDDSC245548.8Regional331533.75867845.3341.2-40.7156.1SDDSC246760.3Golden Dyke330753.75867731.8306.73-39.5274.6SDDSC247193.6Golden Dyke330772.25867889.6295.73-32.3248.5SDDSC248572.5Apollo331291.35867825.7316.38-40.9269.8SDDSC249191.09Golden Dyke330772.75867889.6295.74-36.7245.9SDDSC250199.81Rising Sun330772.45867889.9295.7-36.9252.3SDDSC251120.4Apollo331532.65867847.5340.85-31.9270.4SDDSC251A306.7Apollo331532.85867847.9340.89-31.7273.7SDDSC252200Golden Dyke330772.75867889.9295.68-40249.9SDDSC253349.4Apollo331595.85867936.9345.63-53.8267.8SDDSC253W11042.7Apollo331595.85867936.9345.63-53.8267.8SDDSC255540Golden Dyke3307735867890295.56-41.4251.2SDDSC256445.5Golden Dyke330772.25867889.4295.71-31245.3SDDSC257In Progress plan 634.5 mGolden Dyke330813.65867847.5301.1-43263.8SDDSC258In Progress plan 740 mGolden Dyke330973.35867847.7296.73-32.5265SDDSC259830Golden Dyke3307545867731.7306.66-43.6274SDDSC259W1In Progress plan 766 mGolden Dyke3307545867731.7306.66-43.6274SDDSC260In Progress plan 1230 mRising Sun330339.65867859.2276.89-69.664.3SDDSC261In Progress plan 1015 mApollo3316155867950.8346.91-45.5266.3SDDSC262In Progress plan 1150 mApollo3315965867937345-55.5266.5Regional holes currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94
Z55North
GDA94 Z55Elevation
(m) DipAzimuth
GDA94
Z55SDDRE016410.45Redcastle3027355927298194.26-50.367.7SDDRE017359.8Beautiful Venus305388.65926618206.62-50.968.9SDDTS009506Tonstall336984.35870557.1524.7-28.3285SDDTS008511.37Tonstall336992.95870558.4524-3529SDDTS010535.79Tonstall336993.75870557.9524.1-3744.4SDDTS011401.32Tonstall336992.15870557.3524.1-4318SDDCN002350Consols3360415870691484-37241SDDLV005A419.1Leviathan3345805870167555.4-31206SDDCN003400Consols336043.55870690.2484.1193-36130SDDCN005A280Consols3360415870691484-30265.5SDDCN004271.3Consols3360415870691484-49258Abandoned drill holes currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94 Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94 Z55SDDSC24220.65Golden Dyke3308145867848301-45.7255.1Table 2: Table of mineralized drill hole intersections reported from SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 with two cutoff criteria. Lower grades cut at 1.0 g/t AuEq lower cutoff over a maximum of 2 m with higher grades cut at 5.0 g/t AuEq cutoff over a maximum of 1 m. Significant intersections and interval depths are rounded to one decimal place.
Hole numberFrom (m)To (m)Interval (m)Au g/tSb %AuEq g/tSDDSC219295.7297.51.72.50.23.0SDDSC219299.7300.20.50.93.79.8SDDSC219316.2321.04.81.60.11.9Including317.3317.50.320.60.622.1SDDSC219324.2326.52.41.21.24.1Including325.3326.51.21.82.16.8SDDSC219333.0333.30.39.70.410.5SDDSC219368.0370.72.70.62.36.1Including368.5370.11.60.63.58.9SDDSC224207.3210.53.21.50.52.8SDDSC224381.0388.17.05.71.08.1Including381.0382.21.12.32.07.0Including385.3387.01.720.02.225.2SDDSC224407.8412.04.20.80.21.4SDDSC228246.8247.20.42.734.986.2SDDSC228259.6264.34.72.90.43.9Including264.0264.30.331.71.034.0SDDSC228264.6267.63.06.70.47.8Including264.6265.10.541.51.845.9SDDSC228271.4275.13.80.30.10.6SDDSC228322.0323.81.80.91.03.3SDDSC228328.3336.48.12.10.94.2Including329.8332.32.53.81.88.0SDDSC228342.4343.91.40.70.41.7SDDSC228346.5346.70.248.61.652.5SDDSC228350.6354.03.43.20.44.1Including351.1351.90.910.01.012.3SDDSC228357.6358.91.34.71.37.9SDDSC228361.8370.18.35.22.611.4Including361.8362.70.96.10.06.2Including364.7367.73.012.26.928.7SDDSC228374.5376.92.31.00.21.4SDDSC228379.0381.72.70.40.20.8SDDSC228391.2393.62.41.50.93.7Including391.5392.61.22.01.35.1SDDSC233240.3240.40.119.49.241.4SDDSC233248.6249.71.17.91.310.9Including248.6248.70.155.89.478.3SDDSC233256.6256.80.243.50.745.2SDDSC233264.6267.02.41.70.11.9SDDSC233335.5338.22.80.60.21.0SDDSC233347.6349.72.12.30.33.0SDDSC233353.0353.90.97.10.99.2SDDSC233363.1371.07.92.87.119.9Including363.1365.62.62.61.66.5Including367.3371.03.73.514.237.5SDDSC233378.9379.20.340.62.045.3SDDSC233379.4382.32.92.10.22.6Table 3: All individual assays reported from SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here >0.1g/t AuEq. Individual assay and sample intervals are reported to two decimal places.
CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralization that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (e.g. submarine nodules) may warrant disclosure of detailed information.Sampling has been conducted on drill core (half core for >90% and quarter core for check samples), grab samples (field samples of in-situ bedrock and boulders; including duplicate samples), trench samples (rock chips, including duplicates) and soil samples (including duplicate samples).
Locations of field samples were obtained by using a GPS, generally to an accuracy of within 5 metres. Drill hole and trench locations have been confirmed to <1 metre using a differential GPS.
Samples locations have also been verified by plotting locations on the high-resolution Lidar mapsDrill core is marked for cutting and cut using an automated diamond saw used by Company staff in Kilmore.
Samples are bagged at the core saw and transported to the Bendigo On Site Laboratory for assay.
At On Site samples are crushed using a jaw crusher combined with a rotary splitter and a 1 kg split is separated for pulverizing (LM5) and assay.Standard fire assay techniques are used for gold assay on a 30 g charge by experienced staff (used to dealing with high sulfide and stibnite-rich charges). On Site gold method by fire assay code PE01S.Screen fire assay is used to understand gold grain-size distribution where coarse gold is evident.ICP-OES is used to analyse the aqua regia digested pulp for an additional 12 elements (method BM011) and over-range antimony is measured using flame AAS (method known as B050).Soil samples were sieved in the field and an 80-mesh sample bagged and transported to ALS Global laboratories in Brisbane for super-low level gold analysis on a 50 g samples by method ST44 (using aqua regia and ICP-MS).Grab and rock chip samples are generally submitted to On Site Laboratories for standard fire assay and 12 element ICP-OES as described above.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).HQ or NQ diameter diamond drill core, oriented using Axis Champ orientation tool with the orientation line marked on the base of the drill core by the driller/offsider.
A standard 3 metre core barrel has been found to be most effective in both the hard and soft rocks in the project.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Core recoveries were maximised using HQ or NQ diamond drill core with careful control over water pressure to maintain soft-rock integrity and prevent loss of fines from soft drill core. Recoveries are determined on a metre-by-metre basis in the core shed using a tape measure against marked up drill core checking against driller's core blocks.Plots of grade versus recovery and RQD (described below) show no trends relating to loss of drill core, or fines.LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.The total length and percentage of the relevant intersections logged.Geotechnical logging of the drill core takes place on racks in the company core shed.
Core orientations marked at the drill rig are checked for consistency, and base of core orientation lines are marked on core where two or more orientations match within 10 degrees.
Core recoveries are measured for each metre
RQD measurements (cumulative quantity of core sticks > 10 cm in a metre) are made on a metre-by-metre basis.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.The ½ core cutting line is placed approximately 10 degrees above the orientation line so the orientation line is retained in the core tray for future work.Geological logging of drill core includes the following parameters:
Rock types, lithology
Alteration
Structural information (orientations of veins, bedding, fractures using standard alpha-beta measurements from orientation line; or, in the case of un-oriented parts of the core, the alpha angles are measured)
Veining (quartz, carbonate, stibnite)
Key minerals (visible under hand lens, e.g. gold, stibnite)100% of drill core is logged for all components described above into the company MX logging database.Logging is fully quantitative, although the description of lithology and alteration relies on visible observations by trained geologists.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.Logging is considered to be at an appropriate quantitative standard to use in future studies.Sub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Drill core is typically half-core sampled using an Almonte core saw. The drill core orientation line is retained.Quarter and half core is used when taking sampling duplicates (termed FDUP in the database).Sampling representivity is maximised by always taking the same side of the drill core (whenever oriented),and consistently drawing a cut line on the core where orientation is not possible. The field technician draws these lines.Sample sizes are maximised for coarse gold by using half core, and using quarter core and half core splits (laboratory duplicates) allows an estimation of nugget effect.In mineralized rock the company uses approximately 10% of core duplicates, certified reference materials (suitable OREAS materials), laboratory sample duplicates and instrument repeats.In the soil sampling program duplicates were obtained every 25th sample and the laboratory inserted low-level gold standards regularly into the sample flow.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.The fire assay technique for gold used by On Site is a globally recognised method, and over-range follow-ups including gravimetric finish and screen fire assay are standard. Of significance at the On Site laboratory is the presence of fire assay personnel who are experienced in dealing with high sulfide charges (especially those with high stibnite contents) - this substantially reduces the risk of inaccurate reporting in complex sulfide-gold charges.Where screen fire assay is used, this assay will be reported instead of the original fire assay. The ICP-OES technique is a standard analytical technique for assessing elemental concentrations. The digest used (aqua regia) is excellent for the dissolution of sulfides (in this case generally stibnite, pyrite and trace arsenopyrite), but other silicate-hosted elements, in particular vanadium (V), may only be partially dissolved. These silicate-hosted elements are not important in the determination of the quantity of gold, antimony, arsenic or sulphur.A portable XRF has been used in a qualitative manner on drill core to ensure appropriate core samples have been taken (no pXRF data are reported or included in the MX database).Acceptable levels of accuracy and precision have been established using the following methods
¼ duplicates - half core is split into quarters and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 100 g/t Au.
½ duplicates - core is split into halves and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 100 g/t Au.
Washes - washes are inserted post visible gold or >1% visible stibnite to ensure contamination is minimised during the preparation stage
Blanks - blanks are inserted after visible gold and in strongly mineralized rocks to confirm that the crushing and pulping are not affected by gold smearing onto the crusher and LM5 swing mill surfaces. Results are excellent, generally below detection limit and a single sample at 0.03 g/t Au.
Certified Reference Materials - OREAS CRMs have been used throughout the project including blanks, low (<1 g/t Au), medium (up to 5 g/t Au) and high-grade gold samples (> 5 g/t Au). Results are automatically checked on data import into the MX database to fall within 2 standard deviations of the expected value.
Laboratory splits - On Site conducts splits of both coarse crush and pulp duplicates as quality control and reports all data. In particular, high Au samples have the most repeats.
Laboratory CRMs - On Site regularly inserts their own CRM materials into the process flow and reports all data
Laboratory precision - duplicate measurements of solutions (both Au from fire assay and other elements from the aqua regia digests) are made regularly by the laboratory and reported.Accuracy and precision have been determined carefully by using the sampling and measurement techniques described above during the sampling (accuracy) and laboratory (accuracy and precision) stages of the analysis.Soil sample company duplicates and laboratory certified reference materials all fall within expected ranges.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.The Independent Geologist has visited Sunday Creek drill sites and inspected drill core held at the Kilmore core shed - 11 December 2024 S.Tambanis.The CP & QP, Mr Kenneth Bush has visually inspected the drill core from holes in this release. The drill intersections match both the geological descriptions in the database and the expected assay data (for example, gold and stibnite visible in drill core is matched by high Au and Sb results in assays).In addition, on receipt of results Company geologists assess the gold, antimony and arsenic results to verify that the intersections returned expected data.The electronic data storage in the MX database is of a high standard. Primary logging data are entered directly by the geologists and field technicians and the assay data are electronically matched against sample number on return from the laboratory.Certified reference materials, ¼ core field duplicates (FDUP), laboratory splits and duplicates and instrument repeats are all recorded in the database.Exports of data include all primary data, from hole SDDSC077B onwards after discussion with SRK Consulting. Prior to this gold was averaged across primary, field and lab duplicates.Adjustments to assay data are recorded by MX, and none are present (or required).Twinned drill holes are not available at this stage of the project.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Differential GPS used to locate drill collars, trenches and some workingsStandard GPS for some field locations (grab and soils samples), verified against Lidar data.Downhole surveys are collected by either electronic single-shot, REFLEX EZ-TRAC multi-shot or Imdex/Axis north-seeking gyro or a combination. During drilling, surveys are completed at a maximum of 30m intervals, with multi-shot surveys completed at hole completion or upon request by geologists at 3m intervals during drilling unless ground conditions are unsuitable.The grid system used throughout is Geocentric datum of Australia 1994; Map Grid Zone 55 (GDA94_Z55), also referred to as ELSG 28355. Reported azimuths also relate to MGA55 (GDA94_Z55).Topographic control is excellent owing to sub 10 cm accuracy from Lidar data.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.The data spacing is suitable for reporting of exploration results - evidence for this is based on the improving predictability of high-grade gold-antimony intersections.At this time, the data spacing and distribution are not sufficient for the reporting of Mineral Resource Estimates. This however may change as knowledge of grade controls increase with future drill programs.Samples have been composited to a 1 g/t AuEq over 2.0 m width for lower grades and 5 g/t AuEq over 1.0 m width for higher grades in table 3. All individual assays above 0.1 g/t AuEq have been reported to two decimal places with no compositing in table 4. Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material.The true thickness of the mineralized intervals reported are interpreted to be approximately 75-85% of the sampled thickness. Drilling is oriented in an optimum direction when considering the combination of host rock orientation and apparent vein control on gold and antimony grade.
The steep nature of some of the veins may give increases in apparent thickness of some intersections, but more drilling is required to quantify.A sampling bias is not evident from the data collected to date (drill holes cut across mineralized structures at a moderate angle).Sample securityThe measures taken to ensure sample security.Drill core is delivered to the Kilmore core logging shed by either the drill contractor or company field staff. Samples are marked up and cut by company staff at the Kilmore core shed, in an automated diamond saw and bagged before loaded onto strapped secured pallets and trucked by company staff to Bendigo for submission to the laboratory. There is no evidence in any stage of the process, or in the data for any sample security issues.Audits or reviewsThe results of any audits or reviews of sampling techniques and data.Continuous monitoring of CRM results, blanks and duplicates is undertaken by geologists and the company data geologist. Mr Kenneth Bush for SXG has the orientation, logging and assay data.Section 2 Reporting of Exploration Results
CriteriaJORC Code explanationCommentaryMineral tenement
and land tenure
statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.The Sunday Creek Project, previously known as the Clonbinane Project, is covered by the Retention Licence RL 6040 and is surrounded by Exploration Licence EL6163 and Exploration Licence EL7232. All the licences are 100% held by Clonbinane Goldfield Pty Ltd, a wholly owned subsidiary company of Southern Cross Gold Ltd.Exploration done by
other parties Acknowledgment and appraisal of exploration by other parties.The Sunday Creek project is a high level orogenic (or epizonal) Fosterville-style deposit. Small scale mining has been undertaken in the project area since the 1880s continuing through to the early 1900s. Historical production occurred with multiple small shafts and alluvial workings across the Clonbinane Goldfield permits. Production of note occurred at the Clonbinane area with total production being reported as 41,000 oz gold at a grade of 33 g/t gold (Leggo and Holdsworth, 2013)Work in and nearby to the Sunday Creek Project area by previous explorers typically focused on finding bulk, shallow deposits. Beadell Resources were the first to drill deeper targets and Southern Cross have continued their work in the Sunday Creek Project area. EL54 - Eastern Prospectors Pty Ltd
Rock chip sampling around Christina, Apollo and Golden Dyke mines.
Rock chip sampling down the Christina mine shaft. Resistivity survey over the Golden Dyke. Five diamond drill holes around Christina, two of which have assays.ELs 872 & 975 - CRA Exploration Pty Ltd
Exploration focused on finding low grade, high tonnage deposits. The tenements were relinquished after the area was found to be prospective but not economic.
Stream sediment samples around the Golden Dyke and Reedy Creek areas. Results were better around the Golden Dyke. 45 dump samples around Golden Dyke old workings showed good correlation between gold, arsenic and antimony.
Soil samples over the Golden Dyke to define boundaries of dyke and mineralization. Two costeans parallel to the Golden Dyke targeting soil anomalies. Costeans since rehabilitated by SXG.ELs 827 & 1520 - BHP Minerals Ltd
Exploration targeting open cut gold mineralization peripheral to SXG tenements.ELs 1534, 1603 & 3129 - Ausminde Holdings Pty Ltd
Targeting shallow, low grade gold. Trenching around the Golden Dyke prospect and results interpreted along with CRAs costeans. 29 RC/Aircore holes totalling 959 m sunk into the Apollo, Rising Sun and Golden Dyke target areas. ELs 4460 & 4987 - Beadell Resources Ltd
ELs 4460 and 4497 were granted to Beadell Resources in November 2007. Beadell successfully drilled 30 RC holes, including second diamond tail holes in the Golden Dyke/Apollo target areas.Both tenements were 100% acquired by Auminco Goldfields Pty Ltd in late 2012 and combined into one tenement EL4987. Nagambie Resources Ltd purchased Auminco Goldfields in July 2014. EL4987 expired late 2015, during which time Nagambie Resources applied for a retention licence (RL6040) covering three square kilometres over the Sunday Creek Project. RL6040 was granted July 2017.Clonbinane Goldfield Pty Ltd was purchased by Mawson Gold Ltd in February 2020.Mawson drilled 30 holes for 6,928 m and made the first discoveries to depth.
Geology Deposit type, geological setting and style ofmineralization.Refer to the description in the main body of the release.Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the followinginformation for all Material drill holes:easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depth hole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Refer to appendicesData aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high-grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.See "Further Information" and "Metal Equivalent Calculation" in main text of press release.Relationship
between
mineralization
widths and
intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g 'down holelength, true width not known').See reporting of true widths in the body of the press release.DiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.The results of the diamond drilling are displayed in the figures in the announcement.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high-grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.All results above 0.1 g/t Au have been tabulated in this announcement. The results are considered representative with no intended bias.Core loss, where material, is disclosed in tabulated drill intersections.Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.Preliminary testing was reported in January 11, 2024. This established the general metallurgical test procedure for samples from the Sunday Creek deposits and demonstrated the basis for confidence in establishing prospects for economic recovery of contained gold and antimony to three separate products:Metallic gold product by gravity recoveryAntimony-gold flotation concentratePyrite-arsenopyrite-gold flotation concentrateTesting has now been expanded to include samples from additional zones of the mineral deposits and to refine metallurgical processes. The aim was to improve aspects of antimony concentrate production, maximise gold recovery to a high-grade metallic product, and to further investigate the nature of gold occurrence.The work, conducted by ALS Burnie Laboratories, focused on:Improving selectivity between sulphide minerals in the antimony flotation stage whilst maintaining high overall gold recovery.Further processing of the flotation concentrates, to assess the metallurgical response of contained gold.Mineralogical examination of selected product samples.It was demonstrated that, with appropriate process conditions, high antimony and gold recovery could be maintained whilst rejecting arsenic and iron sulphides in the first flotation stage. The antimony concentrate produced (~50% Sb, <0.2% As) is deemed to be attractive to the smelter market.Recovery of antimony to concentrate varied with feed type, and ranged from 83% to 93% for the samples tested from the antimony rich zones.Additional metallic gold was recovered from the flotation concentrate by gravity separation.The gold grade of the concentrate is a function of the proportion of feed gold associated with arsenic-iron sulphides, the ratio of gold to antimony in the feed, the gold recovered to the metallic gold product, and the flotation rate of gold in the first flotation stage.High overall gold recovery was achieved with all samples tested.Further WorkAdditional characterization testing across deposit zonesLocked cycle testing to confirm overall recoveriesMulti-stage cleaning optimization to maximize concentrate qualityPilot plant evaluation of larger samples Process plant design studies targeting Q1 2027 completionFurther workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.The Company has stated it will drill 200,000 m through 2025 to Q1 2027. See diagrams in presentation which highlight current and future drill plans.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304023
Source: Southern Cross Gold Consolidated Ltd.
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A retired couple’s grocery bill is one of the most inflation-sensitive lines in the household budget because it has to be paid every week, not once a year. The USDA’s moderate-cost food plan puts a two-person older household’s grocery cost in the neighborhood of $7,000 to more than $8,000 a year, depending on age and sex. Food is still getting more expensive, too: the BLS reported that the food index rose 3.1% over the 12 months ending in May 2026.
So the question worth asking is not just “how much capital covers groceries today,” but “how much covers them in 2046, after two more decades of food inflation?” That distinction reorders the whole conversation about yield.
The Number To Solve For For this exercise, use $7,200 a year, or $600 a month. That is a reasonable grocery target for some retired couples, though it is above the 2024 BLS average food-at-home spending of $5,251 for households age 65 or older and below some USDA moderate-cost estimates for older two-person households. The math is one division problem: target income divided by yield equals the capital needed. The interesting part is what each yield level costs you in growth, risk, and tax friction.
The 3% Tier: Most Capital, Quietest Sleep At a blended 3.5% yield, $7,200 a year requires roughly $205,700 in capital. This is the regulated-utility and dividend-growth bucket.
NextEra Energy (NYSE:NEE | NEE Price Prediction) recently yielded about 2.8%, with its quarterly dividend rising to $0.6232 in 2026. Southern Company (NYSE:SO) recently yielded about 3.1% after raising its quarterly dividend to $0.76 in 2026, and it reported first-quarter 2026 adjusted EPS of $1.32. Southern is also benefiting from large-load electricity demand, including data centers, though that growth comes with major capital-spending needs.
You need the most money in this tier, and you accept a starting yield below the recent 4.4% 10-year Treasury rate. In exchange, the goal is an income stream that grows over time, though dividend growth is never guaranteed.
The 5% Tier: Monthly Checks, Slower Growth At 6%, the same grocery bill is covered by $120,000. This is the REIT and higher-income equity range, though not every holding in this bucket actually reaches a 6% yield.
Realty Income (NYSE:O) recently yielded about 5.1%, paid a monthly dividend of $0.2705, and announced its 670th consecutive monthly dividend in April 2026. STAG Industrial (NYSE:STAG) recently yielded about 3.9% after raising its annual dividend rate to $1.55 and shifting from monthly to quarterly payments. STAG reported 95.1% total portfolio occupancy and 96.0% operating portfolio occupancy as of March 31, 2026.
Total return tells the cost, but it has to be measured carefully. A REIT with a higher current payout may lag a faster-growing utility over some periods, especially when interest rates rise and real estate valuations compress. You may get steadier income, but principal appreciation can be muted compared with lower-yielding dividend-growth stocks.
The Double-Digit Tier: Smallest Check, Biggest Catch At a 10% yield, $72,000 covers $7,200 a year. This is the BDC range.
Ares Capital (NASDAQ:ARCC) recently yielded about 10.6% on a $0.48 quarterly dividend. Its net asset value per share was $19.59 at March 31, 2026, down 1.8% for the quarter. Main Street Capital (NYSE:MAIN) declared regular monthly dividends of $0.265 per share for July, August, and September 2026, plus a $0.30 supplemental dividend payable in June.
The trade is direct: lowest upfront capital, less dependable dividend growth, and a NAV that can erode while you spend the distributions. That does not make BDCs unusable, but it does make them harder to rely on for a grocery bill that has to keep up with inflation.
The Inflation Math Most Retirees Miss NextEra’s dividend has grown sharply since 2023, while Ares Capital’s quarterly dividend has remained at $0.48 in recent declarations. If groceries inflate at 3% annually and your income stream does not, you are losing ground every year you live. A 2.8% yield growing 8% a year roughly doubles its income in about nine years. A 10.6% yield that does not grow stays exactly where it is, while the grocery bill keeps climbing.
Make the Grocery Check Last Pull six months of grocery receipts. USDA and BLS averages can be useful benchmarks, but they may overstate spending for some retirees and understate it for households in high-cost metros or with specific dietary needs. Your actual number changes the capital requirement materially. Compare 10-year total return, not just yield. Use the same start date, end date, and reinvestment assumption for every holding. A lower-yielding dividend grower can sometimes keep pace with a higher-yielding stock once price appreciation, dividend increases, and drawdowns are included. Match the holding to the account. Many REIT and BDC distributions are taxed as ordinary income rather than qualified dividends, while qualified dividends can receive lower capital gains tax rates. That often makes tax-advantaged accounts attractive for higher-yield holdings, but the right placement depends on the investor’s broader tax situation, withdrawal plan, and account mix. The Real Goal Is Inflation-Resistant Income A grocery portfolio is not just an income puzzle. It is an inflation puzzle. The highest yield can solve this year’s bill with the least capital, but it may leave the investor exposed if the payout stalls and food prices keep rising. The better test is whether the income stream can survive the next grocery cycle, the next rate cycle, and the next recession without forcing the retiree to sell principal at the wrong time.
Contact [email protected] for any questions or corrections.
Most bucket-list goals come with a price tag. Taking classes, hosting a family reunion, funding a scholarship for a grandchild, visiting your ancestors’ hometown in the Old Country, or finally seeing the Northern Lights all require money. Whatever form they take, the challenge is the same: how do you fund meaningful goals and experiences while you still have the energy without putting the rest of your retirement at risk?
The usual approach is to save the money, spend it, and start over. A different approach is to build a portfolio that generates the cash flow for those experiences year after year while leaving the principal intact. The math is surprisingly straightforward.
The Cost Of Postponing Time matters as much as money. Some bucket-list goals become harder, more expensive, or less appealing as the years pass. Travel is the obvious example. Hiking trips, safaris, scuba certification, and other physically demanding adventures are often easier at 65 than at 80. But the same principle applies elsewhere. Grandchildren grow up. Old friends move away or pass on. The memoir remains unwritten. The workshop stays on the drawing board. The volunteer work, language classes, and family reunion keep getting pushed into “someday.”
Building the portfolio is only half the challenge. The other half is recognizing that some opportunities have expiration dates. A healthy retirement plan balances financial readiness with the reality that not every dream should wait for the perfect account balance.
Three Bucket-List Budgets, Four Yield Tiers Bucket-list spending generally falls into three broad tiers.
$5,000 a year covers goals such as a family reunion, a woodworking-shop upgrade, genealogy research, community-college classes, a mission trip, a photography hobby, or a domestic vacation. $10,000 a year funds larger ambitions such as an Alaskan cruise, a classic-car restoration, an RV adventure, a major home project, or taking the entire family on a memorable trip. $20,000 a year reaches once-in-a-lifetime goals such as an African safari, a Northern Lights expedition, purchasing an RV, funding a scholarship for grandchildren, spending a season in a warmer climate, or pursuing several major goals at once. Here’s the capital required to throw off each income from yield alone:
Annual Spend 3.5% yield 5% yield 7% yield 10% yield $5,000 $143,000 $100,000 $71,000 $50,000 $10,000 $286,000 $200,000 $143,000 $100,000 $20,000 $571,000 $400,000 $286,000 $200,000 The Evidence Across Tiers The conservative tier looks like Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction), yielding 2.2% after a 3.1% dividend hike to $1.34 quarterly, its 64th consecutive year of increases, alongside Southern Company (NYSE:SO) at 3.2% with regulated utility cash flows and data-center demand tailwinds.
The moderate tier features Realty Income (NYSE:O) at 5.3% paid monthly, Verizon (NYSE:VZ) at 6.0%, and Altria at 6.1%. Add preferred shares and 10-year Treasuries in the 4% to 5% range for ballast.
The aggressive tier centers on business development companies like Ares Capital at 10.6%, where a $412M net unrealized loss in Q1 2026 illustrates the principal-erosion risk you accept for that headline yield.
Why Growth Beats Headline Yield A 3.5% yield growing 8% annually, the pace Johnson & Johnson has roughly sustained over its 64-year streak, doubles the income inside nine years. A flat 10% BDC payout often shrinks in real terms as net asset value erodes. Cruise fares and safari prices climb 4% to 6% a year. Income that grows is the only income that keeps the bucket list intact at 80.
Don’t Save So Hard That You Miss The Point A bucket list is not an all-or-nothing proposition. The dream RV trip can begin with weekend camping. The European tour can start with learning a foreign language and interacting with people from those cultures in restaurants and at cultural presentations at a local university. The family reunion, photography hobby, language class, or genealogy project does not have to wait until the entire goal is funded.
Small experiences build momentum and create memories while the larger fund grows. They also acknowledge a simple reality: tomorrow is not guaranteed. A healthy retirement plan balances preparation for future dreams with the wisdom to enjoy life within your means today.
What To Do Next Pick a realistic bucket-list budget based on trips you genuinely want to take, then read the capital figure off the table above. Blend tiers. A 50/30/20 mix across conservative dividend growers, REITs and telecoms, and a small BDC sleeve typically lands between 5% and 6% with meaningful dividend growth attached. Model the next 10 years of distributions assuming 6% annual travel inflation, and compare a growing 3.5% portfolio against a flat 10% portfolio at year 10. The crossover usually arrives sooner than expected. Contact [email protected] for any questions or corrections.
A multi-year effort by Mercy Housing Lakefront to provide energy-efficient housing for families across northern Illinois resulted in the organization receiving
Key Takeaways Southern Company gained 8.7% in a month, outperforming its industry and the broader utility sector.SO sees AI-driven data center demand supporting long-term growth through contracted large-load agreements.SO faces risks from capital spending, financing costs, regulatory approvals and AI customer dependence. The Southern Company (SO - Free Report) shares have gained a little momentum over the past month, with its share price gaining 8.7%. Additionally, its performance outpaced both the Zacks Utility-Electric Power industry’s gain of 7.6% and the broader utility sector’s rise of nearly 5.9%. This outperformance signals a relative strength and highlights the company’s favorable positioning. With such momentum, investors have to be wondering, will the recent trend continue or is Southern Company due for a pullback?
SO's Stock Price Change Over the Past Month
Image Source: Zacks Investment Research
Founded in 1945 and headquartered in Atlanta, GA, Southern Company is one of the largest U.S. utilities, serving about 9 million electricity and natural gas customers. Its operations include regulated electric utilities, wholesale power generation and natural gas distribution. Through Southern Power, the company operates a diversified portfolio across gas, solar, wind and storage assets, supported by long-term power purchase agreements. Southern Company Gas serves 4.4 million customers through an extensive pipeline network and storage facilities across several U.S. states.
However, for investors, the key debate is whether SO’s strong run has more room to extend or if the rally has priced in much of the upside. With the company’s diversified portfolio strategy and recent tailwinds playing a critical role, the stock’s prospects warrant a closer examination before deciding whether to buy, hold or take profits.
Factors Driving the Performance of SO StockExceptional Data Center-Driven Demand Growth: Southern Company is benefiting from one of the strongest demand environments in the U.S. utility sector, fueled by AI-driven data center expansion. Management disclosed 23 GW of contracted or late-stage large-load demand, including more than 11 GW under executed agreements. The pipeline exceeds 75 GW, providing exceptional long-term visibility. Importantly, these contracts are backed by investment-grade hyperscalers and structured to recover the full cost of service, creating sustainable earnings growth without burdening existing customers.
Massive Capital Investment Opportunity: Southern Company is entering a multi-year investment cycle that should significantly expand its regulated asset base. Beyond the existing 10 GW generation program, Georgia Power has launched a proposal for an additional 2-6 GW of new generation resources. Southern Power is also investing in gas turbine uprates and evaluating further expansion opportunities. These projects can materially increase the rate base, supporting regulated earnings growth for years while strengthening the company's long-term competitive position.
Attractive Dividend Profile and Shareholder Returns: Income investors continue to benefit from Southern Company's remarkable dividend history. The board approved its 25th consecutive annual dividend increase, extending an extraordinary record of 79 consecutive years without reducing the annual dividend. This consistency reflects stable cash flows generated by regulated utility operations and disciplined capital allocation. For long-term investors seeking reliable income combined with moderate capital appreciation, SO remains among the most dependable dividend-paying utilities. Check Southern Company’s dividend history here.
SO’s Earnings Estimate
The Zacks Consensus Estimate for SO’s 2026 earnings per share indicates an increase of 6.5% year over year.
SO’s EPS Estimate Trend
Image Source: Zacks Investment Research
What’s Causing the Pressure on SO Stock?Significant Capital Spending Could Pressure Returns: Although growth opportunities are substantial, Southern Company must execute an enormous capital investment program over the next decade. The company is simultaneously expanding generation, transmission, battery storage and natural gas infrastructure while evaluating additional projects. Such large-scale investments expose shareholders to execution risk, construction delays and cost overruns. Any major project setbacks could negatively impact returns and increase pressure on the balance sheet despite management's disciplined planning approach.
Rising Financing Costs Remain a Headwind: Despite strong operating performance, higher financing expenses partially offset earnings growth during the first quarter. Utilities remain highly sensitive to interest rates because of their capital-intensive business models. If borrowing costs remain elevated or rise further, financing future infrastructure investments could become more expensive, reducing profitability and limiting the pace of earnings growth even as electricity demand continues to strengthen.
Heavy Dependence on AI and Large-Load Customers: A significant portion of Southern Company's long-term growth thesis depends on hyperscalers and data center developers continuing to build capacity across its service territories. While contracts include protections such as minimum bills and collateral requirements, a slowdown in AI infrastructure spending, project cancellations or delayed customer buildouts could reduce expected electricity demand. This concentration makes future growth increasingly tied to a single rapidly evolving industry.
Growth Opportunities Require Continued Regulatory Approval: Many of SO's future investment opportunities remain subject to regulatory approvals and competitive procurement processes. New generation assets, including projects under current RFPs, must be selected and authorized by state regulators before they can contribute to earnings. If regulators approve fewer company-owned projects, delay approvals or require alternative solutions, expected capital deployment and long-term earnings growth could fall short of management's current outlook.
Final Verdict on SO StockSouthern Company’s long-term strengths are balanced by meaningful execution risks. The company is well positioned to benefit from AI-driven data center demand, a sizable regulated capital investment pipeline and one of the most dependable dividend track records in the U.S. utility sector — all of which support steady earnings growth.
However, elevated capital spending, higher financing costs, regulatory approval uncertainties and increasing dependence on large-load customers could limit near-term upside. Therefore, the investors can retain this Zacks Rank #3 (Hold) stock and enjoy the benefits of regular dividends and earnings growth estimates. The new investors can wait and look for a better entry point.
Key PicksInvestors interested in the utility sector might look at some better-ranked stocks like Pampa Energía S.A. (PAM - Free Report) , Enel SpA (ENLAY - Free Report) and Energias de Portugal (EDPFY - Free Report) . While PAM sports a Zacks Rank #1 (Strong Buy) at present, ENLAY and EDPFY carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Argentina-based Pampa Energia is the largest fully integrated electricity company engaged in the generation, transmission and distribution of electricity. The Zacks Consensus Estimate for PAM’s 2026 earnings indicates 39.8% year-over-year growth.
Enel is an electricity operator in Italy, which engages in the generation, distribution and sale of electricity. The Zacks Consensus Estimate for ENLAY’s 2026 earnings indicates 93.2% year-over-year growth.
Energias de Portugal ranks among Europe's major electricity operators, as well as being one of Portugal's largest business groups. It is a Portuguese electric utility company with operations in Europe, the Americas and Asia. EDPFY specializes in renewable energy generation, grid management and electricity supply, aiming to transition toward a low-carbon future.
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - June 29, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") advises that PYBAR Mining Services Pty Ltd ("PYBAR"), a Thiess company, has fired the first cut in the exploration decline (or tunnel) portal at the Company's Sunday Creek Gold-Antimony Project, 60 kilometres north of Melbourne, Victoria.
This is the first new decline to be developed in the State of Victoria in approximately 20 years. The milestone follows the Resources Victoria Work Plan approval received in November 2025 and Premier Jacinta Allan's public endorsement of the project as a critical minerals jobs opportunity for Victoria.
High Level Takeaways:
First Cut Fired. The first development blast was fired in the exploration decline portal at Sunday Creek, Victoria. This is the first new decline developed in Victoria in approximately 20 years.
Industry Milestone. This is a landmark moment for the Victorian mining sector and a rare career opportunity for the teams involved. Firing of the first cut marks the start of underground development of the exploration decline at Sunday Creek.
Exploration Decline Progress. Box cut earthworks and ground support are complete, the portal is being established and the development jumbo is commencing driving the primary exploration decline.
Drilling Acceleration. Once completed by year end, the decline will allow the current 11 surface rigs to be expanded to 24 surface and underground rigs, positioning Sunday Creek as one of the largest pre-development drill-outs globally. Future. The decline development supports the ongoing advancement of a project we believe has the potential to become a significant western world supplier of antimony and gold. Michael Hudson, President & CEO states: "The Victorian Government approved our exploration decline on 27 November 2025. In the months since, we have established the surface infrastructure, the box cut, and we have now fired the first cut underground. This is the first new decline developed in Victoria in around 20 years, and a proud moment for everyone involved.
"The firing of the first cut went as planned and was executed safely. Beyond this being a significant milestone for Sunday Creek, it is a significant milestone for the broader Victorian mining industry. Many people in our sector never get the opportunity to be part of something like this in their career, and I want to thank the PYBAR and SXGC teams onsite who made it happen.
"The decline is fundamentally about accelerating drilling. From here, the team will drive the primary decline to establish underground drill platforms approximately 115 metres beneath surface, scaling us from the 11 surface rigs operating today towards 24 rigs working concurrently, and positioning Sunday Creek as one of the largest pre-development drill-outs globally."
Figure 1. Exploration decline portal, face markup prior to firing.
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Figure 2. Bogging the first cut from the decline portal.
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Figure 3. Scaling the first cut at the portal face.
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Figure 4. Boxcut and the portal face.
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PYBAR comment. James Glover, General Manager of PYBAR Mining Services, who attended site for the firing, said: "It was a pleasure to spend time onsite with the respective team members for the firing of the first cut in the exploration decline. All went well and as planned. The firing of the first cut is a significant milestone for the project, but also more broadly for the mining industry, with this being the first new underground decline developed in Victoria in the last 20 or so years. Many people in the sector never get the opportunity to be involved in something like this in their career. The PYBAR team are very excited and proud to be a part of it."
First Cut Fired and Decline Underway
PYBAR fired the first development cut in the exploration decline portal, marking the commencement of underground development at Sunday Creek. Surface preparation works are complete, including the box cut of approximately 15 metres depth, ground support installation including fibrecrete of the exposed faces. With the portal establishment, the development jumbo can commence driving the primary 5.5 m wide x 6 m high decline, with bogging, scaling and ground support of the first cut undertaken as part of the standard development cycle. The decline will extend approximately 680 metres in lateral development to reach a vertical depth of approximately 115 metres, including approximately 1,200 metres of development in total to establish the underground drilling platforms (Figure 5). The decline is targeted for completion by year end. PYBAR was awarded the decline contract in May 2026 following a competitive tender process assessing technical capability, safety record, delivery schedule and price.
The decline is being built to accelerate exploration drilling. Establishing underground drill platforms unlocks the scale-up from the 11 surface rigs operating today to 24 rigs working concurrently, positioning Sunday Creek as one of the largest pre-development drill-outs globally. Underground drilling delivers shorter, more accurate holes into mineralization, materially improves productivity per metre and reduces surface impacts.
A milestone for the Victorian mining sector
The firing of the first cut is the first new underground decline developed in Victoria in approximately 20 years. It represents both a significant milestone for the Sunday Creek project and a broader milestone for the Victorian mining industry, which has not seen new underground development of this kind for two decades. The Company acknowledges the PYBAR and SXGC site teams whose planning and execution delivered the firing safely and on schedule.
Next steps. With the portal established and the first cut fired, the development team will continue to advance the primary decline towards a vertical depth of approximately 115 metres, followed by lateral development to establish the initial underground drilling platforms with first rigs underground expected to be mobilised in October. The decline remains targeted for completion by year end, after which underground drilling can commence to support the planned scale-up in drilling capacity at Sunday Creek.
Further Information
Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available on the SXGC website. These data, along with an interview on these results with President & CEO/Managing Director Michael Hudson can be viewed at www.southerncrossgold.com.
Critical Metal Epizonal Gold-Antimony Deposits
Sunday Creek (Figure 6) is an epizonal gold-antimony deposit formed in the late Devonian (like Fosterville, Costerfield and Redcastle), 60 million years later than mesozonal gold systems formed in Victoria (for example Ballarat and Bendigo). Epizonal deposits are a form of orogenic gold deposit classified according to their depth of formation: epizonal (<6 km), mesozonal (6 km to 12 km) and hypozonal (>12 km).
Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday Creek is no exception. China, Russia and Tajikistan together account for over 90% of global antimony mine production, with China alone supplying roughly half. China's dominance is greater still in processing, controlling an estimated 80% of global antimony refining capacity. Antimony features highly on the critical minerals lists of many countries including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria, located nearby to all SXGC projects. Antimony alloys with lead and tin which results in improved properties for solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen-containing flame retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high-tech industry, especially the semi-conductor and defence sectors where it is a critical additive to primers in munitions.
Antimony represents approximately 21% to 24% in situ recoverable value of Sunday Creek at an AuEq of 2.39 ratio.
Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF), is defining a leading gold-antimony project at the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 85 composite intersections exceeding 100 g/t Au from 119.6 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with structures tested from surface to 1,100 m depth.
Sunday Creek's strategic value is enhanced by its dual-metal profile. The Company has a critical mineral the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier.
Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation.
With a strong cash position, 1,392 Ha of strategic freehold land ownership, and a large 200 km drill program planned through Q1 2027, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction, delivering milestone by milestone.
- Ends -
For ASX Compliance: This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian (under code SX2) securities regulatory authorities. You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
Figure 5: Sunday Creek exploration decline shown in plan view (left, 200 m scale) and isometric view (right, 250 m scale; plunge +20°, azimuth 025°). The decline (black) extends from the boxcut and delivers underground drill access to the mineralised structures (red) across the Christina, Golden Dyke, Rising Sun and Apollo prospects. Blue lines show conceptual underground drill holes the decline will enable.
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Figure 6: Location of the Sunday Creek project, along with the 100% owned Redcastle Gold-Antimony Project
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303231
Source: Southern Cross Gold Consolidated Ltd.
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HMRC001: 243m @ 0.40% CuEq (98ppm Mo, 0.020g/t Au) (0 – 243m) HM137: 162m @ 0.46% CuEq (50ppm Mo, 0.034g/t Au) (6 – 168m) HM139: 65m @ 0.55% CuEq (32ppm Mo, 0.060g/t Au) (140 - 205m) HMRC002: 24m @ 0.68% CuEq (110ppm Mo, 0.016g/t Au) (92 -116m) LUXEMBOURG, June 29, 2026 (GLOBE NEWSWIRE) -- Koryx Copper S.A. (TSX:KRY.V) (NSX:KYX) (OTCQB:KRYXF) (“Koryx” or the "Company") is pleased to announce assay results from 15 drill holes (5,351m) received as part of the ongoing infill and expansion drill program on the wholly-owned Haib Copper Project (“Haib” or the “Project”) in southern Namibia.
The Haib deposit is a massive, disseminated porphyry copper (Cu) deposit with associated molybdenum (Mo) and gold (Au). Haib is envisaged to produce a Cu and Mo concentrate via large-scale open pit mining and mainly conventional crushing, milling and sulphide flotation with the potential for additional copper cathode production via oxide heap leaching. Ongoing process flow sheet optimization is aimed at improving project economics whilst reducing technical risk.
Heye Daun, Koryx Copper’s President and CEO commented: “This is another excellent set of drill results from our ongoing 15-rig drill program. Very wide intersections at good grades exceeding 0.3% CuEq, and mostly starting from surface, indicates the potential for further improvements of our mineral resource. In conjunction with the recently announced process flow sheet enhancements, we expect the economics of the Haib project to improve significantly in the upcoming PFS which is on track to be published before the end of 2026.”
Figure 1: Plan view indicating recent drill hole locations. Results indicated in black are shown on the long section below
Figure 2. Long section showing fifteen drillhole intersections relative to the model for Cu mineralization
Discussion of Results
Target 1
HM135 was drilled as an infill hole in the northwest of Target 1, immediately south of the Volstruis River. Cu and Mo results are in line with expectations.
HM137 was drilled as an infill hole targeting the high-grade centre of Target 1 Cu mineralisation. Cu and Mo grades are in line with expectations. Notably, broad W intersections occur within the first 100m, including 4m at 0.12% W from 46m down the hole and a further 20m at 0.03% W. W has been intersected in several other Target 1 holes. Its presence is somewhat anomalous given that W is generally regarded as a proximal metal in porphyry systems. It’s presence in the upper portions of Target 1 holes remains under investigation.
HM139 is in the south of Target 1 and was drilled to test the southward extension and limit of Cu mineralisation. Results are significant with high-grade Cu-Au mineralisation intersected in the lower part of the hole, which was not encountered in previous drilling, and indicates a potential southward extension of Target 1 exceeding 100m. The hole was stopped in mineralisation due to rig limitations, with the final 8m returning 1.13% Cu and 0.14 g/t Au. The hole will be extended using a second rig in the coming months.
HM140 was drilled approximately 140m west of HM139 along the southern limit of Target 1. Good Cu and Mo results are in line with expectations, with combined elevated grades producing multiple CuEq intervals exceeding 0.3% at regular intervals down-hole. Au is known to be elevated in this part of Target 1, and HM140 confirms this, with two 2m samples returning approximately 1g/t Au, 4m @ 0.5g/t and two separate 6m intervals returning 0.1g/t and 0.2g/t Au respectively.
HM141 was drilled on the same section line as HM140 as an infill hole to close drill spacing in the centre of Target 1. Cu and Mo results are in line with expectations for this part of the deposit.
HM149 was positioned as an infill hole for resource conversion in the centre of Target 1. The results are consistent with expectations. Mo is relatively well developed from surface, peaking at ~350 m downhole before declining to low levels. W is also present, with intersections of 6 m at 0.01% W, 4 m at 0.09% W, and 2 m at 0.36% W.
MRC001 is the first reverse circulation hole completed at Haib, drilled as an infill hole in the southeast of Target 1. While intersection widths broadly match expectations, both Cu and Mo grades are above expectations.
Target 2
HM138 was drilled as an infill hole in the eastern central portion of Target 2. Cu results are excellent, with multiple wide CuEq intervals exceeding 0.36%. Au is the most significant outcome of this hole, with deeper portions returning 6m at 0.5g/t Au and a further 20m at 0.42g/t Au, the latter including a 2m sample at 1.13g/t Au and a 2m sample at 1.96 g/t Au. Thes two broader intersections represent the highest Au metal intersections recorded at Haib to date. Data density to the east and west of HM138 remains low, and the lateral extent of this Au-enrichment has not yet been established.
HM143 is located in the southern central portion of Target 2, with partial results previously reported. Cu grades are in line with expectations; however, wide, high-grade Mo mineralisation materially elevates the CuEq grade, producing intervals as wide as 230m at ≥0.34% CuEq containing narrower high-grade intervals within. Au is essentially absent.
HM144 was drilled in the northern central portion of Target 2 to test the possible surface expression of good intersections encountered at depth in nearby holes. Results indicate that HM144 is located outside the limit of economic Cu mineralisation in Target 2, with Mo practically absent.
HM153 is an infill hole drilled through the mid-depth mineralisation of Target 2. Results correlate well with the current resource model, with good to excellent Mo mineralisation maintained across the full drilled extent.
HMRC003 is an infill reverse circulation hole on the northern edge of Target 2. Cu results are in line with expectations and show strong correlation with the existing grade shell models.
Target 3
HM148 is an in-fill hole in the west of Target 4. This area is known to be well mineralised with respect to Mo, and the results reflect this. Overall, Cu and Mo assay results correlate well with the current grade shell model for Target 4.
HMRC002 is an infill reverse circulation hole drilled in Target 4 near the southern contact of the East-West Structural Zone (EWSZ). While Cu and Mo results are in line with expectations, the results do indicate that a minor positional adjustment to the EWSZ boundary will be required in the resource model, but this does not materially affect the mineralisation interpretation.
Table of Significant Intersections
Hole#ZoneFrom (m)To (m)Width (m)1CuEq (%)2Cu (%)Mo (ppm)Au (g/t)HM135
Entire Hole04164160.190.17100.029Main048480.390.3690.045Main112138260.320.27470.046Including11612040.530.461060.048HM137
Entire Hole04594590.330.28660.030Main61681620.460.42500.034Including182461.121.09350.027Including4050100.680.63350.050Including546061.471.37820.085Including949621.010.93990.063Including10210421.351.28760.070Including13614040.870.80870.055Main196260640.370.32440.036Including23824240.860.75900.108Main38038660.470.323250.032Main444456120.340.203390.025HM138
Entire Hole05845840.340.30420.040Main072720.480.421030.031Including81681.091.04590.038Including545840.960.851000.103Main1362641280.360.33360.021Including16416841.621.473190.050Including194204100.440.42240.019Including25826240.910.86770.035Main3064761700.420.34420.090Including32833460.640.2870.500Including34034440.970.93190.040Including35436280.570.50660.060Including36837460.630.58740.022Including404424200.700.39280.423Including44244640.620.56930.040Main50851460.510.48540.024HM139
Entire Hole02052050.280.25210.033Main140205650.550.49320.060Including150164140.700.64370.063Including19620481.131.02180.139HM140
Entire Hole04554550.180.14390.035Main465480.380.193470.084Main728080.520.1540.510Main100110100.390.22100.220Main13414060.500.37320.155Main278346680.300.28430.012Main418434160.350.30540.036HM141
Entire Hole05825820.250.21510.022Main106138320.310.25990.033Including10611260.630.521350.075Main158176180.300.26620.027Main184210260.310.26660.027Main234318840.520.441630.030Including234244100.650.581200.038Including25025661.181.091240.064Including27027441.231.141580.054Including30431280.600.57320.026Main334392580.390.36340.028Including342358160.590.54490.045Main56657480.630.59450.036HM142
Entire Hole03633630.150.12550.017Main160202420.360.262200.029Including16016440.640.121,3600.028HM1433
Entire Hole07067060.260.211110.018Main162260.430.263780.040Main3460260.340.261820.018Main1122261140.340.203350.021Including17418280.440.245180.019Including208226180.660.309450.026Main3585882300.340.30640.021Including410436260.510.431560.026Including490504140.680.63660.037Including53253640.530.49750.027Including54655260.510.451180.023HM144Entire Hole02112110.130.12160.009HM148
Entire Hole03113110.220.181020.013Main6274120.330.242270.017Main136180440.340.251950.017Including13613820.890.122,0700.013Including14615260.520.461210.023Main22423280.390.37210.019Main246270240.500.45970.023HM149
Entire Hole04284280.350.31560.027Main2680540.530.49380.037Including323421.171.11770.057Including465040.990.92400.066Including667260.820.78240.047Main92124320.700.66450.036Including10410841.751.67550.084Main142178360.310.27680.026Main186218320.460.41650.031Including20220860.710.611540.048Including21021221.701.63930.048Main252276240.510.45880.042Including25626040.720.641190.059Including26226860.660.60760.043Including27227640.660.59580.063Main30431280.490.265480.035Including30831240.540.161,0020.021Main388398100.310.28130.025Main412422100.390.37200.028HM153
Entire Hole07147140.310.261010.018Main242400.330.251560.020Main7090200.460.381800.029Main96120240.300.26840.020Main144172280.300.26510.021Main200268680.330.29510.017Main294362680.540.432630.021Including304322180.930.725420.027Including328344160.530.364100.025Main386468820.410.322040.023Main532556240.320.251550.019Main65866460.560.51970.030HMRC001
Entire Hole02432430.400.35980.020Main416120.810.741280.024Including101441.070.981960.028Main322402080.400.351000.020Including465260.630.542010.017Including12413060.730.613020.025Including13614480.600.511710.033Including16416840.580.491930.023Including19419840.630.58700.029Including23624040.520.49220.027HMRC002
Entire Hole02432430.150.13310.013Main92116240.680.631100.016Including10811681.131.091120.010Main126146200.310.251300.023HMRC003
Entire Hole01381380.290.27450.010Main076760.370.33690.011Including3646100.610.58610.012 True widths are unknown. Widths are interval widths and not true widths. The reported intervals are calculated using the following parameters: Only CuEq (%) was used to determine the intervals.The target composite grade is ≥0.30% CuEq.Composites start and end with samples ≥0.30% CuEq.Grades between 0.20% and 0.30% are included in interval but generally constitute <40% of the interval.Consecutive samples between 0.20% and 0.30% should be fewer than 5 samples (10m).Grades below 0.20% are included but generally constitute <20% of the interval.Consecutive grades <0.2% should be fewer than 2 samples (4m). Mineral Resource (MRE) copper equivalent (CuEq%) values have been calculated using commodity type and price considering the relevant recovery rate. The following metal prices were used Cu US$4.54/lb; Mo US$22.68/lb; Au US$4,000/oz along with the following recoveries indicated from test work, Cu 89%; Mo 65% and Au 50%. The CuEq was then calculated using CuEq = [(Cu grade/100 * 0.89 Cu recovery * 2204.62 * $4.54 Cu price/lb) + (Mo ppm/1000000 * 0.65 Mo recovery * 2204.62 * $22.68 Mo price/lb) + (Au grade * 0.50 Au recovery * 4000 Au price/oz / 31.1035)] / [0.89 Cu Recovery * 2204.62 * $4.54 Cu price/lb]Partial results previously reported Qualified Persons
Mr. Dean Richards Pr.Sci.Nat., MGSSA – BSc. (Hons) Geology is the Qualified Person for the Haib Copper Project and has reviewed and approved the scientific and technical information in this news release and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400190/08).Mr. Richards is independent of the Company and its mineral properties and is a Qualified Person for the purposes of National Instrument 43-101.
About Koryx Copper S.A.
Koryx Copper S.A. is a Luxembourg domiciled copper development Company focused on advancing its 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large copper porphyry deposit in southern Namibia with significant gold and molybdenum credits and a long history of exploration and project development by multiple operators.
More than 140,000m of drilling has been conducted at Haib since the 1970’s with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975), Teck (2014) and Koryx Copper (2021-2026). Extensive further drilling, metallurgical testing and various technical studies have been completed at Haib. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide milling and flotation copper project with additional heap leach potential.
Mineralisation at Haib is typical of a porphyry copper deposit and is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Haib is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world. Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralisation and alteration features typical of these deposits.
Further details of the Haib Copper Project are available in the technical report titled “March 2026 Mineral Resource Estimate Haib Copper Project, Namibia, National Instrument 43-101 Technical Report” dated effective March 16, 2026. The report and other information are available on the Company's website at www.koryxcopper.com and under the Company's profile on SEDAR+ at www.sedarplus.ca.
Additional information is also available by contacting the Company:
Julia Becker
Corporate Communications [email protected]
+1-604-785-0850
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the future or prospects of the Haib project or the Company, including prospective production rates and life-of-mine, the timing of publishing a PFS, the commencement of trading of the Shares under the new Company name, and the effective date of the new CUSIP and ISIN assigned to the Shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Photos accompanying this announcement are available at:
In the latest close session, Southern Co. (SO - Free Report) was up +1.3% at $97.16. The stock outpaced the S&P 500's daily loss of 0.05%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
The power company's shares have seen an increase of 3.66% over the last month, surpassing the Utilities sector's gain of 1.12% and the S&P 500's loss of 1.42%.
The upcoming earnings release of Southern Co. will be of great interest to investors. The company's earnings report is expected on July 30, 2026. On that day, Southern Co. is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 10.99%. Meanwhile, our latest consensus estimate is calling for revenue of $7.39 billion, up 5.94% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.58 per share and a revenue of $31.36 billion, representing changes of +6.51% and +6.1%, respectively, from the prior year.
Any recent changes to analyst estimates for Southern Co. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Southern Co. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Co. has a Forward P/E ratio of 20.95 right now. For comparison, its industry has an average Forward P/E of 18.19, which means Southern Co. is trading at a premium to the group.
Also, we should mention that SO has a PEG ratio of 2.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.79.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 43% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
New Customer Identified Resource programs expand how commercial and industrial customers can support their sustainability efforts; Company has procured more than 2,200 megawatts of new solar in last two years through CARES program
, /PRNewswire/ -- Georgia Power has opened enrollment for the new Clean and Renewable Energy Subscription Customer Identified Resource (CARES CIR) program, which the Georgia Public Service Commission (PSC) approved in the 2025 Integrated Resource Plan (IRP) stipulated agreement. As part of Georgia Power's commitment to clean energy, Georgia Power routinely seeks utility-scale and distributed solar generation resources through competitive request for proposals (RFP) processes, in which renewable energy project developers bid in a project. Commercial and industrial customers can then subscribe to the CARES program where they receive renewable benefits associated with those projects. CARES CIR is a customer-driven expansion on this procurement and subscription concept that allows commercial and industrial customers to identify and submit additional renewable energy projects to Georgia Power at prices that will create value for all Georgia Power customers.
Interest in CARES subscriptions continues to grow as more customers look for ways to support renewable energy. By allowing customers to bring forward their preferred renewable energy projects, the CARES CIR program expands access to renewables while preserving benefits and maintaining protections for all Georgia Power customers. Once projects are approved, Georgia Power establishes long-term power purchase agreements (PPAs) with qualified developers and works with participating customers to execute subscription agreements.
"The CARES CIR program represents the next step in giving our customers more choice and flexibility in how they meet their sustainability goals," said Wilson Mallard, director of renewable development for Georgia Power. "By enabling customers to identify and subscribe to renewable energy projects that align with their priorities, we're expanding access to clean energy while maintaining reliability and value for all of our customers across Georgia."
CARES CIR, which is approved for up to 3,000 additional megawatts (MW) of renewable energy projects, divides projects into two distinct programs:
CARES CIR Utility-Scale allows eligible metered customers with annual energy demands above 3 MW to subscribe to renewable projects larger than 6 MW. CARES CIR Distributed Generation allows eligible metered commercial and industrial customers with smaller annual energy demands between 1 MW and 3 MW to subscribe to locally sourced solar projects in Georgia ranging from 250 kilowatts to 6 MW in size. The program will be filed through the traditional Distributed Generation RFP process, with a Notice of Intent period and application window expected to open in the fourth quarter of 2026. Georgia Power Expands CARES Utility-Scale Programs
Last year, Georgia Power announced PSC approval of 1,068 MW of new solar PPAs and 91 MW Battery Energy Storage Systems (BESS) under the CARES 2023 RFP. Recently, two additional CARES 2023 RFP solar PPAs totaling 385 MW were filed for approval with the PSC, bringing the CARES 2023 RFP total to more than 1.4 gigawatts, pending final PSC approval.
Through the CARES 2025 RFP, approved in the 2022 IRP, Georgia Power has signed five contracts for 752 MW. The PPAs were selected by Georgia Power following a competitive solicitation overseen by an independent evaluator and PSC staff. The facilities will be located throughout Georgia and include:
Appling County: 20-year PPA providing 78 MW of solar capacity Decatur County: 30-year PPA providing 130 MW of solar capacity Jefferson County: 25-year PPA providing 194 MW of solar capacity Sumter County: 30-year PPA providing 200 MW of solar capacity Warren County: 25-year PPA providing 150 MW of solar capacity To learn more about the CARES program, including the new CARES CIR process, visit www.GeorgiaPower.com/CARES.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2026 by 7:30 a.m. ET on Thursday, July 30, 2026.
Chairman, President and CEO Christopher C. Womack and CFO David P. Poroch will discuss earnings during a conference call for financial analysts at 1 p.m. ET on Thursday, July 30.
Investors, media and the public may listen to a live webcast of the conference call at https://investor.southerncompany.com/events-and-presentations/default.aspx by clicking on the appropriate audio link. A replay of the webcast will be available at the same site for 12 months.
About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.
In the latest close session, Southern Co. (SO - Free Report) was up +1.61% at $94.93. This change outpaced the S&P 500's 1.44% loss on the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
Shares of the power company witnessed a loss of 1.18% over the previous month, beating the performance of the Utilities sector with its loss of 1.28%, and underperforming the S&P 500's gain of 0.08%.
The upcoming earnings release of Southern Co. will be of great interest to investors. The company is expected to report EPS of $1.01, up 10.99% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.39 billion, up 5.94% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.58 per share and a revenue of $31.36 billion, representing changes of +6.51% and +6.1%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Southern Co. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Southern Co. presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Southern Co. is currently exchanging hands at a Forward P/E ratio of 20.41. This valuation marks a premium compared to its industry average Forward P/E of 18.11.
Meanwhile, SO's PEG ratio is currently 2.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.67.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
SHENZHEN, CHINA, June 24, 2026 (GLOBE NEWSWIRE) -- Lianhe Sowell International Group Ltd (Nasdaq: LHSW) (the “Company), a provider of industrial machine vision products and solutions in China, today announced that it has signed supply agreements (the “Agreement”) for AI-powered automotive painting robots and spray booth systems in West and Southern Africa.
Under the Agreement, the Company will deliver 10 AI-powered automotive painting robots to a comprehensive automotive maintenance group in the West African region. The equipment will be deployed in automotive maintenance flagship stores to support the intelligent upgrade of automotive aftermarket services. The introduction of the advanced technologies and products into West Africa may help promote local social and economic development.
In Southern Africa, the Company has secured a separate pilot project with a local company specializing in R&D and application of advanced spray-coating materials. Under the agreement, AI-powered automotive painting robot will be deployed in South Africa for trial use in automotive refinishing operations, supporting the introduction of intelligent automation solutions in the local market.
Together, these projects represent the Company’s initial large-scale deployment of intelligent painting solutions across West and Southern Africa. The Company expects these projects to serve as a foundation for further expansion into East Africa and other African markets in the future.
By leveraging AI and robotics technologies, the Company aims to improve painting quality, operational efficiency, and consistency in automotive refinishing operations. The systems are also designed to reduce worker exposure to paint mist and other airborne substances, enhancing workplace safety for technicians.
“We are pleased to expand our presence in West and Southern Africa through these partnerships,” said Mr. Yue Zhu, Chief Executive Officer and Director of the Company. “These agreements mark an important step in our international expansion strategy. We see strong long-term demand for intelligent automation in Africa’s automotive aftermarket sector. We look forward to further expanding into East Africa and across the broader African market.”
About Lianhe Sowell International Group Ltd
Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological innovation. For more information, please visit: https://sowellai.com/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “plan” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other risk factors discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Lianhe Sowell International Group Ltd
Email: [email protected]
WFS Investor Relations Inc.
Email: [email protected]
Phone: +1 628 283 9214
At 64, with $1.1 million in a Traditional IRA, tax-deferred cash flow is the point. With the 10-year Treasury at 4.50% and the 30-year at 4.94%, dividend yields have to earn their seat. The 10-year has swung between 4.43% and 4.56% in June alone, and that yield volatility is exactly what forced me to re-stack these holdings. Here is how I am ranking five income names by dividend safety before allocating capital, per a Traditional IRA framing that pairs tax-deferred dividend growth with shifting bond yield benchmarks.
Five Dividends, Stacked by Safety Ticker Yield EPS Payout Net Debt/EBITDA Streak My Rating KO 2.59% 65% Low 62 yrs Very Safe ABBV 3.11% 48% (fwd) 2.26x 53 yrs Very Safe O 5.34% 73% AFFO 5.2x 30+ yrs Safe SO 3.18% 76% Moderate 24 yrs Safe VZ 6.09% 67% 2.6x 19 yrs Moderate Risk Why Coca-Cola and AbbVie Anchor the Top Coca-Cola (NYSE:KO | KO Price Prediction) just lifted its quarterly to $0.53, with FY 2026 guidance pointing to comparable EPS up 8% to 9% and free cash flow around $12.2B. The Dividend King keeps earning its rating. AbbVie (NYSE:ABBV) looks stretched on a $2.05 TTM EPS figure distorted by an IPR&D charge, but management’s $14.08 to $14.28 FY 2026 EPS guide against a $6.74 dividend puts the forward payout near 48%. Skyrizi at $4.48B and Rinvoq at $2.12B are funding the dividend as Humira fades.
O and SO Are Safe, but I’m Watching the Leverage Realty Income (NYSE:O) just notched its 114th consecutive quarterly increase, and AFFO/share rose 6.6% YoY to $1.13. CEO Sumit Roy said, “Our first quarter results underscore the strength and resiliency of our global investment and operating platforms.” Southern Company (NYSE:SO) has paid dividends for 79 consecutive years without a cut, with data center demand padding the earnings outlook.
VZ Carries the Most Baggage Verizon (NYSE:VZ) services $172.5B in debt post-Frontier and projects FCF of $21.5B+ in 2026. The yield is real, the leverage is not trivial.
How I’m Allocating the $1.1M My split: 25% KO, 25% ABBV, 20% O, 18% SO, 12% VZ. I would lean harder into Verizon if its leverage drifts back under 2.5x. I would trim REIT exposure if the 10-year pushes past 5%. For an IRA where every dividend reinvests untaxed, I want safety and growth in roughly equal measure. This stack delivers both.
Southern Co. (SO - Free Report) closed the most recent trading day at $92.53, moving -1.89% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the power company had gained 0.18% over the past month, lagging the Utilities sector's gain of 1.96% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Southern Co. in its upcoming release. The company is forecasted to report an EPS of $1.01, showcasing a 10.99% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.39 billion, indicating a 5.94% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.58 per share and a revenue of $31.36 billion, indicating changes of +6.51% and +6.1%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Southern Co. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Southern Co. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Southern Co. is currently being traded at a Forward P/E ratio of 20.6. For comparison, its industry has an average Forward P/E of 18.17, which means Southern Co. is trading at a premium to the group.
One should further note that SO currently holds a PEG ratio of 2.85. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power industry had an average PEG ratio of 2.7 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 44% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") reports that crews have mobilized in preparation for further drilling on the Cerro Las Minitas Project, Durango, Mexico.
The upcoming exploration program follows 2025-26 drilling on the property which successfully delineated mineralization at the Puro Corazon target and returned multiple intercepts of high-grade, polymetallic Ag-Pb-Zn mineralization. Mineralization was extended laterally for the full 400 metres strike-length of the Puro Corazon claim and to depths of up to 450 metres below surface.
The current program will build upon this earlier work and includes up to 12,500 metres of definition drilling designed to increase the classification confidence of a subset of near-surface, high-grade mineralization in the Puro Corazon target and forms part a larger program to assess, geologically and spatially, the historic Puro Corazon claim and to incorporate the underlying mineralization into the larger CLM district.
Other work on the CLM Project includes an update of the mineral resource estimate based on the most recent drilling at Puro Corazon, scheduled for Q3 2026 and the advancement of several engineering opportunities identified in the 2024 preliminary economic assessment ("PEA") of the project.
As currently modelled, the Cerro Las Minitas project features a large-scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction in southeast Durango, Mexico. For more information on the details of the current economic assessment of the Cerro Las Minitas project please refer to Southern Silver's news release dated June 10, 2024.
Next Steps
The Company is planning to incorporate the results of the 2025-26 Puro Corazon drill program into the much larger Cerro Las Minitas project which is expected to significantly enhance both the project economics and the mine plan. Final assays from the 2025-26 drilling have been received. Work through Q3-Q4 2026 will include:
an update of the Mineral Resource Estimate of the Cerro Las Minitas project; followed by an update of the Preliminary economic Assessment ("PEA") of the project in accordance with the provisions of National Instrument 43-101 and continue to advance baseline data collection and permit readiness reviewThe Company reports that, subsequent to acquisition of the Puro Corazon claim and to the July 2024 PEA, work on the Cerro Las Minitas project continues advancing numerous upside economic and mine development opportunities while also derisking and advancing the project with the commencement of baseline data collection, hydrology, geotechnical, archaeological and land surveys and studies.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein project where permitting applications for the conduct of a drill program is underway, both located in southern New Mexico, USA.
Robert Macdonald, MSc. P.Geo, is an officer of Southern Silver Exploration Corp. and is a Qualified Person as defined by National Instrument 43-101. Mr. Macdonald supervised directly the collection of the data from the CLM project that is reported in this disclosure. He is responsible for and approves the presentation of the technical information in this news release.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at [email protected].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include plans to advance and develop the CLM property including updating the Mineral Resource Estimate followed by an update of the PEA. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301977
Source: Southern Silver Exploration Corp.
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, /PRNewswire/ -- Southern California Gas Co. (SoCalGas), a subsidiary of Sempra (NYSE: SRE), today announced that employees dedicated more than 1,100 volunteer hours in May—equivalent to over 27 full-time workweeks—through its Glad to be of service® initiative. Spanning 38 cities and nine counties, these efforts strengthened local communities and helped connect families to resources that can reduce everyday costs—including food assistance, clothing and workforce programs.
Through 19 volunteer events and ongoing individual efforts, over 200 employees supported 57 nonprofit organizations, focusing on critical needs such as food access, housing support, workforce readiness and services for seniors and veterans.
"At SoCalGas, we know many families are feeling financial pressure right now," said Clay Faber, director of community and stakeholder engagement at SoCalGas. "That's why our employees volunteer alongside local organizations to help expand access to food, housing support and other essentials that can make a real difference."
"Collaborations like this are essential to meeting the growing need we see across Southern California," said Lt. Colonel Mike Dickinson, The Salvation Army Southern California Division. "SoCalGas employees show up ready to work and make a real difference—helping us expand access to critical resources for families who need it most."
Employees supported the Los Angeles Regional Food Bank, Orange County Food Bank, FIND Food Bank, Venice Family Clinic, LA Family Housing, The Salvation Army, Junior Achievement SoCal and many others, through initiatives focused on helping meet essential needs, including:
Food distribution and insecurity relief, expanding access to no-cost groceries Housing and homelessness support, helping individuals and families access stable, supportive housing Workforce development and financial readiness, including financial literacy programs and professional clothing donations Support for seniors and vulnerable populations, providing essential services and community connection Community resilience and recovery efforts, strengthening local economic stability Additional activities included clothing and diaper drives, youth mentorship, community cleanups and support for students, low-income households, veterans, seniors and individuals experiencing homelessness.
These volunteer efforts complement SoCalGas's broader commitment to helping customers manage energy costs through assistance programs, energy efficiency resources and community projects. They also complement employees' day-to-day work, providing additional ways to support the communities we serve. Volunteer service is ongoing throughout the year, reflecting the company's continued focus on delivering value to customers and strengthening the communities it serves. For more information, visit socalgas.com/about-us/our-impact.
About SoCalGas
SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility holding company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas.
Unit 1 authorized to operate through 2054 and Unit 2 through 2058
, /PRNewswire/ -- Georgia Power announced today that the U.S. Nuclear Regulatory Commission (NRC) has approved the subsequent license renewal for the Edwin I. Hatch Nuclear Plant near Baxley. The approval authorizes continued operation of the facility for an additional 20 years by extending the operating license for Plant Hatch Unit 1 through 2054 and Unit 2 through 2058 – up to 80 years of operation for each reactor. The units were originally licensed to operate in the mid-1970s, with the NRC approving a previous 20-year license extension in 2002.
Plant Hatch, which marked 50 years of safe, reliable operation last year, is Georgia's first nuclear power plant and is co-owned by Georgia Power, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia and Dalton Utilities. Southern Nuclear, a subsidiary of Southern Company, operates the plant on behalf of the co-owners. In 1975, the year Hatch Unit 1 entered service, Georgia's population was around 5 million people and, today, that number has more than doubled with more than 11 million people now calling Georgia home. Plant Hatch has helped meet the electrical needs of that growth year after year, with its opening also marking a pivotal moment for Georgia Power's commitment to developing a diverse, cleaner generation mix to serve customers.
In the decades following the completion of Plant Hatch, the co-owners have partnered to build four other nuclear units at Plant Alvin W. Vogtle near Waynesboro. With the completion of the new Vogtle Units 3 & 4 in recent years, Plant Vogtle is now the largest generator of clean energy in the United States. Nuclear energy from both Plants Hatch and Vogtle provided nearly 30 percent of Georgia Power's overall energy production last year.
"At Georgia Power, our commitment to our customers is to ensure that the reliable, affordable energy they expect is there when they need it. Our nuclear facilities provide reliable energy around the clock at a stable, predictable cost, and are central to how we deliver on this commitment," said Kim Greene, chairman, president and CEO of Georgia Power. "I'm proud of the work that happens every day at Plant Hatch, the dedication of the teams onsite, and that all of our customers benefit from the reliability and efficiency of this power plant. This license extension is great news as our state continues to grow and demand for electricity continues to increase."
Over the last 20 years, the co-owners have invested in major improvements at Plant Hatch. Improvements have included, among other items, replacement of Unit 2 cooling towers; replacement of key components such as large transformers, plant service water pumps, feedwater heaters and more; as well as identification and elimination of single point vulnerabilities across the site. Education and continuous improvement are also key to the success of Plant Hatch, with recent investments including the construction of the Plant Hatch Energy Education Center and a second onsite simulator to train reactor operators.
The NRC's decision follows a comprehensive safety and environmental review of the plant's operating performance, aging management programs and compliance with federal regulations. At the conclusion of the review, the NRC determined Plant Hatch can continue to operate safely and in accordance with all applicable standards throughout the subsequent license renewal period.
"The NRC's approval reflects the strength of our safety culture, the dedication of our workforce and our sustained focus on operational excellence," said Pete Sena, chairman, president and CEO of Southern Nuclear. "Our teams remain committed to operating Plant Hatch reliably for decades to come."
In addition to providing dependable electricity, Plant Hatch supports hundreds of highly skilled, long-term jobs and contributes to the economic vitality of Appling County and surrounding communities with millions of dollars of property taxes paid each year. The plant maintains strong community partnerships, supporting local public schools and technical colleges, STEM programs, the United Way and more. Plant Hatch's property is also a protected ecosystem with approximately 200 acres having been replanted with native longleaf pine, as well as bluebird and purple martin nesting programs in place, and a special program with the Georgia Department of Natural Resources to help protect the red-cockaded woodpecker, a federally endangered species.
Visit www.GeorgiaPower.com/NuclearEnergy to learn more about Plants Vogtle and Hatch.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
About Southern Nuclear
Southern Nuclear, a subsidiary of Southern Company (NYSE: SO) headquartered in Birmingham, Ala., is a leader among the nation's nuclear energy facility operators and an innovator in advanced nuclear technologies. For more than 35 years, Southern Nuclear has operated nuclear energy facilities at the highest levels of safety and reliability. Southern Nuclear operates over 8,200 MW for Alabama Power and Georgia Power, including the Joseph M. Farley Nuclear Plant, the Edwin I. Hatch Nuclear Plant, and the Alvin W. Vogtle Electric Generating Plant, which serves as the largest generator of clean energy in the country following the completion of Vogtle Units 3 & 4, the first newly constructed units in the United States in over 30 years.
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) ("Southern Silver" or the "Company") has closed the first tranche of its previously reported non-brokered private placement by issuing 4,000,181 common shares of the Company (the "Shares") at a price of $0.55 per Share for gross proceeds of $2,200,099.55 (the "Offering").
In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Shares were sold to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption") and sold in offshore jurisdictions. The Shares are immediately freely tradeable in accordance with applicable Canadian securities legislation.
There is an amended and restated offering document (the "Amended Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://southernsilverexploration.com/.
In connection with the first tranche closing, the Company paid aggregate finders' fees of $132,005.97 and issued 240,010 non-transferable common share purchase warrants ("Finder Warrants"), with each Finder Warrant exercisable to purchase one Share at a price of $0.70 for a period of 36 months. The Finder Warrants and the Shares issuable upon the exercise of the Finder Warrants carry a legend restricting trading of the securities until October 13, 2026. The closing of the Offering remains subject to the final approval of the TSX Venture Exchange.
Proceeds of the Offering will be used for the advancement of the Cerro Las Minitas project as well as for working capital and general corporate purposes. Advancement of Cerro Las Minitas includes infill drilling of up to 12,500m in Phase 1 with the objective of upgrading the resource classification of a subset of near-surface, high-grade mineralization in the Puro Corazon target, which will allow greater optionality for potential development of the project. Other work will include an update of the mineral resource estimate based on the most recent drilling at Puro Corazon, scheduled for Q2 2026 and the advancement of several engineering opportunities identified in the 2024 preliminary economic assessment ("PEA") of the project.
As currently modelled, the Cerro Las Minitas project features a large-scale underground mining operation with robust project economics and high gross revenues in a well located and mining friendly jurisdiction. Recent drill testing of the Puro Corazon claim continues to demonstrate a potential for near-term resource growth, capital and mining efficiency gains in modelled mining scenarios and overall improvements in modelling of the project.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Shares, nor was there any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Shares referred to in this news release will not be, and have not been, registered under the U.S. Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person, absent registration or any applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of mineral deposits either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our specific emphasis is developing the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. Located in the same State as the Cerro Las Minitas property is the Nazas, gold-silver property. Our property portfolio also includes the Oro porphyry copper-gold project, and the Hermanas gold-silver vein project. Drill permits for the Hermanas project have been received and work is pending finalization of a work program and drill availability, both located in southern New Mexico, USA.
Robert Macdonald, MSc. P. Geo, is an officer of Southern Silver Exploration Corp. and is a Qualified Person as defined by National Instrument 43-101. Mr. Macdonald directly supervised the collection of the technical data from the Cerro Las Minitas Project and has reviewed and approved the technical information within this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-looking statements in this news release include the amount of the Offering, final TSX Venture Exchange approval of the Offering, plans to advance and develop the Cerro Las Minitas property including updating the mineral resource estimate followed by an update of the PEA, and expectations regarding the Cerro Las Minitas project having robust project economics and potential for high gross revenues. These statements are based on a number of assumptions, including, but not limited to, general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the Company's projects, and the availability of financing for the Company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. The Company provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward- looking information, whether as a result of new information, changing circumstances, or otherwise.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301411
Source: Southern Silver Exploration Corp.
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ATLANTA, May 26, 2026 /PRNewswire/ -- Georgia Power announced today that Beth Lowry has been elected to the company's board of directors. Lowry currently serves as president and CEO of Holder Construction Company, a $10 billion construction services firm founded in 1960 and based in Atlanta.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") announces that it has amended the previously announced non-brokered private placement which will now consist of up to 7,272,726 common shares of the Company (the "Shares") at a price of $0.55 for gross proceeds of up to $3,999,999.30 (the "Offering"). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Shares will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.
Rate decrease will be effective beginning next month; Total annual savings for all customers of approximately $285 million
, /PRNewswire/ -- The Georgia Public Service Commission (PSC) today approved a plan to lower overall rates for customers and deliver annual savings of approximately $50 per year, or $4.04 per month, for the typical residential customer using an average of 1,000 kilowatt-hours a month. Total annual savings for all Georgia Power customers will amount to approximately $285 million.
Today's vote by the Georgia PSC follows a stipulated agreement reached earlier this month between Georgia Power and the Public Interest Advocacy (PIA) Staff of the Georgia PSC in two cases originally filed with the Georgia PSC in February – the Fuel Cost Recovery (Docket 56765) case and the Storm Cost Recovery (Docket 44280) case. The cases sought to recover the cost of fuel to operate power generation plants to serve customers and to recover costs to quickly and safely restore electric service following storms, most notably the historic Hurricane Helene in 2024.
"Today's vote by the Georgia PSC will bring lower rates and real savings for Georgia families and businesses as the heat of summer begins and energy use increases, which can lead to higher bills," said Tyler Cook, CFO and treasurer for Georgia Power. "At Georgia Power, our teams work every day to run our business efficiently and keep reliable and affordable energy flowing to our customers. We appreciate today's approval by the Georgia PSC of this plan, following months of hard work by our teams and Georgia PSC staff, robust review and open hearings, as well as engagement by members of the public and intervenors."
Focused on Affordable Energy & Delivering Savings
For more than 140 years, Georgia Power has delivered reliable and affordable energy to Georgians as the state has grown. Since 1990, the company has offered rates, on average, 15 percent below the national average while also offering flexible rate plans for residential and business customers, as well as a wide variety of programs to help customers save money and energy.
With new residents moving to the state and large-load customers like data centers and manufacturers choosing Georgia, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers. The growing pipeline of large-load customers is a key factor that enabled the company's earlier base rate freeze, and is helping spread fixed costs across a broader customer base and protect residential and small business customers. This growth has also allowed the company to commit to providing annual savings of $102 per year for the typical residential customer beginning in 2029.
To learn more about how Georgia Power is keeping energy reliable and affordable for millions of Georgia homes and businesses, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Company exceeds corporate responsibility goals through record community giving NAPERVILLE, Ill., June 1, 2026 /PRNewswire/ -- Nicor Gas' 2025 Community Impact Report showcases the company's ongoing dedication to strengthening communities across Northern Illinois.
SO's Georgia PSC approves a rate reduction plan that will save typical residential customers about $50 annually while supporting long-term affordability.
, /PRNewswire/ -- Georgia Power announced today that Anthony Oni has joined the company as vice president of Corporate Affairs. In this role, Oni will lead the company's overall communications function, including media relations, social and digital media, branding and advertising, employee communications and more.
Anthony Oni, Vice President of Corporate Affairs "Anthony brings a combination of deep utility experience, innovation leadership, and credibility across communications, brand, and stakeholder engagement to his new leadership role at Georgia Power," said Trey Kilpatrick, senior vice president of external affairs for Georgia Power. "As our company rises to meet extraordinary growth and opportunity across the state, Anthony understands the responsibility we carry to protect and strengthen Georgia Power's trusted reputation while continuing to evolve and meet the needs of our customers. We're excited to welcome him back to Southern Company."
Oni brings a unique blend of utility leadership, investment experience, and community-focused innovation. Most recently, he served as Managing Partner at Energy Impact Partners, where he led the Elevate Future Fund, a more than $100 million investment strategy focused on advancing grid modernization, utility transformation, and critical energy infrastructure, while expanding economic opportunity in rural and underserved communities.
Prior to that, Oni spent nearly 20 years at Southern Company, holding senior leadership roles at both Alabama Power and Southern Company Gas. As vice president of Communications at Southern Company Gas, he led corporate communications, brand strategy, and stakeholder engagement across a multi-state footprint. His responsibilities included media relations, employee and customer communications, digital strategy, and executive positioning in support of both operational priorities and long-term reputation management.
Earlier in his career, Oni served as director of Digital Strategy and Communications at Alabama Power, where he led innovative initiatives to enhance customer experience through digital transformation.
Beyond his professional work, Oni is deeply committed to education and workforce development. He is the founder of Cloverly and founder and chairman of Ed Farm, and he played a key role in the creation of the Propel Center, a digital innovation learning hub and business incubator for historically Black colleges and universities (HBCUs), sponsored by Southern Company, Apple, and The Walt Disney Company.
Oni holds a bachelor's degree from Auburn University, has completed executive education in disruptive innovation at Harvard University, and is a fellow of the Aspen Institute.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
